Aegon Platform - managing your investment proposition This information is for intermediaries only. It mustn t be distributed to, or relied on by, customers. The screens shown are for demonstration purposes only. They may vary from the final screens.
``` Contents 2 Our investment proposition Model portfolios Setting up a client s investment strategy Discretionary fund managers Fund panels
``` 3 Our investment proposition
Our investment proposition A flexible offering you can tailor to meet clients needs 4 Clients can access around 5,000 investments including the Cofunds range 1. You can view funds and monitor performance in our Research Centre. Fund panels can be set up at network, firm or individual level. We ve made it easy to build and manage online model portfolios. Use online auto rebalancing to maintain a required asset mix. Scan client portfolios to see how their investments work together. Access Discretionary Fund Managers (DFMs). 1 Number of investments available is as at May 2018.
Wide investment choice Around 5,000 investments available 5 All investments in the Cofunds range are available. - we didn t automatically migrate investments without holdings. You can request for new investments to be added where: - operationally viable, and - there s enough demand. Most investments are also available in an Aegon SIPP. We ll add new investment types in the next 12 months: - shares - investment trusts Number of investments available is as at May 2018.
``` 6 Setting up a client s investment strategy
Phased investment strategy Recurring switch from cash available 7 You can phase from cash into investments. You can request for a monetary amount be invested from the cash facility. Choose from monthly, quarterly or yearly phasing. Select investments or a model portfolio to invest into 1. To instruct the phased investment strategy, complete and sign the Recurring switch from cash form, found in the document library. 1 DFM model portfolios aren t included.
Defining a client s investment strategy Default investment strategy: understanding what it does 8 Choose whether to set investment choice as the default Yes or No Default instruction set to Yes : Default investment strategy Default instruction set to No : Specified investment strategy Product-level instruction. Applies to all existing assets. And to all future contributions. Contribution-level instruction. One-off instruction only. Contributions will always be invested in the specified assets.
Intermediary firm 1234 scenario Default investment strategy 9 Default investment strategy selected at, upgrade. new business or top-up stage: Default investment strategy set. Product later linked to a model portfolio. Regular contributions now match the model portfolio. Model portfolio becomes the default for all future contributions. Ad hoc rebalance will align existing assets. Future regular contributions will be invested in line with the new model portfolio.
Intermediary firm 1234 scenario Specified investment strategy 10 Default investment strategy not selected at new business or top up stage Default investment strategy not set. Product later linked to a model portfolio. Monthly regular contribution does not change. No change to default for future contributions Ad hoc rebalance will align existing assets to new default investment strategy. No change to investment strategy for the regular contribution Will continue to be paid in line with specified instruction
``` 11 Fund panels
Fund panels Simpler structure with improved controls 12 Use fund panels to create bespoke fund ranges. You can create them at network, branch or individual level. Firm administrators and portfolio managers can edit network and branch panels. Individuals can view branch and network panels. The new interface makes panels easy to build and maintain. We automatically display panels with 25 funds or less when you select assets as part of online journey. Network panel Branch panel Individual panel
Upgrading existing fund panels New three-tier structure, with automatic migration for most panels 13 Group panel Automatic transfer Network panel Company panel Office panel Branch panel Adviser panel Recreate Individual panel
Create a fund panel 14 Select Create new fund panel in the intermediary dashboard. Name your panel and select Create.
View and manage fund panels 15 In the intermediary dashboard select View and manage panels. In the fund panel menu select the panel you want to view or change.
Edit a fund panel 16 In the View and manage my panel screen you can: edit any fund panels you have access to; delete a fund panel, and search for funds you can can search by Citicode, ISIN, SEDOL or free form type. Select Save changes.
``` 17 Model portfolios
Model portfolios Improvements 18 You ll benefit from an efficient, online process. Models can include/not include cash. We ve removed the 2% portfolio variance and restrictions, and the mandatory black-out window. You can add automatic rebalancing to clients in models. Ad hoc rebalances will queue if there any pending transactions. When the transactions are complete the rebalance will complete automatically.
Model portfolio build Accessing model portfolio manager 19 In the intermediary dashboard select Model portfolio manager. In the Search model portfolios screen you can search for, create and view model portfolios.
Allocating new clients to models 20 Quote / Quote and apply screen: Whether you select Quote only or Quote and apply, you can select an existing model to invest in in the options section. If you haven t already created a model portfolio visit model portfolio manager and follow the steps. You can link to one model for each product.
21 Amending models copy vs. modify Advisory permissions use copy to bulk move clients from one model to another. Wait for positive affirmation from client to move from old to new. Discretionary permissions use modify to amend models. Trigger ad hoc rebalance. Automatically updates default investment strategy and aligns existing assets.
Bulk rebalancing advisory clients 22 To update a portfolio and rebalance all your clients who have agreed be rebalanced after a review: Access Model portfolio manager from the intermediary dashboard. Select View model portfolio. Choose the model portfolio to update and select Copy.
Bulk rebalancing advisory clients 23 Clients are moved on a bulk basis - on confirmation from the client. You can choose for an ad hoc rebalance to be triggered if required.
Bulk rebalancing discretionary clients 24 To update a portfolio and rebalance all clients select Model portfolio manager from the intermediary dashboard. Select View model portfolio Choose the model portfolio to update and select Modify and trigger rebalance Your clients investment strategy will automatically update.
Rebalancing 25 Ad hoc rebalance Aggregates all submitted rebalances at close of business, and trades the following day. Rebalancing queues behind any pending trades. Auto rebalance Quarterly or yearly. Automatically aligns investments back to original portfolio percentages. Contract notes Aren t created or sent for any rebalancing action.
Model portfolio MI reporting 26 Use Report Zone to access a suite of model portfolio reports to monitor the models and make sure your clients are in the right model for them. The reports detail: assets within each model; investors linked to models; overall value invested in models, and clients linked to DFM model and relevant charges.
``` 27 Discretionary fund managers
Discretionary fund managers Improvements 28 Cofunds Discretionary Fund Managers (DFMs) are now available to all firms. In the future we ll pay DFM fees directly to the DFM. The Aegon Platform can support superclean commercial terms secured by DFMs. You can select DFMs at product level one DFM model for each product. Your clients can appoint multiple DFMs.
How it works tiered investment proposition 29 Example intermediary s proposition is as follows: DFM Models > 750,000 Model Portfolios 250,000-750,000 Multi-asset funds < 250,000 Our platform offers: Access to DFM models Cofunds current DFMs at day one Multiple DFMs available to the firm Create and manage online User-friendly interface User role for portfolio manager Select range for use as a panel Online process Easy to find funds you need
30 Around 5,000 investments. Research funds and scan portfolios Set up fund range panels. Build and manage online model portfolios. Automatic rebalancing. Access DFMs. Allows flexibility and control Efficient online processes Provides access to DFM expertise Streamlines quotes and applications Reduces risk and errors Creates repeatable scalable processes
31 Visit cofunds.co.uk/upgrade for more information. Aegon is a brand name of both Scottish Equitable plc (No. SC144517) registered in Scotland, registered office: Edinburgh Park, Edinburgh EH12 9SE, and Cofunds Limited, Registered in England and Wales No.3965289, registered office: Level 43, The Leadenhall Building, 122 Leadenhall Street, London, EC3V 4AB. Both are Aegon companies. Scottish Equitable plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Cofunds Limited is authorised and regulated by the Financial Conduct Authority. Their Financial Services Register numbers are 165548 and 194734 respectively. 2018 Aegon UK plc RTL379886/04/18