Aegon said the proposals could lead to customer confusion and additional costs for providers
The industry has responded positively to the regulators’ consultation
Passing the £10bn mark strengthens Aegon’s commitment for its defaults to be net zero by 2050
Concerns the DWP’s proposals are more symbolic than genuine
Views are sought on parameters for stronger nudge guidance when savers look to access or transfer savings
Campaign launched to urge providers to swap investments to net-zero strategies
DWA analysis reveals a £2,923 value gap in first quarter DC default performance
DWP also expected to consult on stronger nudge regulations shortly, pushing people towards Pension Wise
Call comes as regulator acknowledges growing budgetary constraints around ScamSmart
Aegon has criticised pension guidance proposals for detracting from other forms of support