Retiready is a free digital retirement, saving and planning service provided by pension, insurance and investment company Aegon UK. It is designed to help people assess what their income needs will be in retirement and choose suitable products to achieve them.
Contents
History
Aegon UK launched Retiready in April 2014. At the same time it published ‘The Aegon UK Readiness Report’ detailing how effectively people were saving for retirement.
The report found that only 7 percent of UK pension savers were close to saving enough to pay for the lifestyle they wanted in retirement. The research was conducted by speaking to over 4,000 people from across the UK.
By November 2014, that figure had fallen to 6 percent and these findings were published in the ‘The Second Aegon UK Readiness Report’.
Retiready calculates how effectively people are saving for their retirement by evaluating the lifestyle they want when they stop working, the existing savings arrangements they have in place and their future plans. It then gives users a score out of 100 to describe how on track they are to save the amount needed to generate the retirement lifestyle they want.
Services
Retiready provides users with financial planning, forecasting and coaching tools. It enables users to analyse their existing pension and savings arrangements and to calculate the fees they are paying for these products.
Retiready also gives users access to new pensions and savings products.
Advertising
John McEnroe has fronted a number of promotional videos for Retiready. The service has also been advertised on television.