Aegon UK has been appointed as the provider of deferred self-invested personal pension and income drawdown products for Clydesdale Bank and Yorkshire Bank.
The partnership between Aegon UK and Clydesdale and Yorkshire Banks allows financial planners at the bank to sell Aegon UKs Flexible Pension plan and Retirement Control plan to private banking customers.
Products will be distributed initially through the banks’ network of over 70 senior financial planners across the UK.
Peter Dornan, director of partnerships and distribution development for UK at Aegon, said: The move will enable us to reach a broader customer base which is in line with our strategic objective of increasing market share.
Martin Smith, head of wealth management at Clydesdale Bank, added: By partnering with Aegon we have selected a company that will deliver a combination of industry-leading experience and an award-winning proposition.