Aberdeen Asset Management has signed up Hymans Robertson, the leading pensions, benefits and risk consultancy, to provide its online technology, GO, as part of a new initiative to help individuals meet their savings goals.
GO is a unique technology solution that is built on Hymans Robertson’s market leading actuarial and technology expertise. GO has analysed the savings plans of 400,000 individuals, bringing over GBP2 billion of assets under advice in the past year. This is the first time the technology will be made available outside of the workplace DC market. The online Aberdeen Asset Management service will be made available directly to a wide range of individual UK investors.
John Brett, Global Head of Distribution at Aberdeen Asset Management, says:“This ground-breaking strategic partnership combines the actuarial expertise of one of the leading pension consultants with one of the leading investment management brands in the UK.”
Ronnie Bowie, Senior Partner at Hymans Robertson says: “We have a strong track record serving the workplace savings market, where our GO technology is being used by many employers to help employees make proper provision for retirement. It is an exciting development for the firm to be diversifying into new areas, using our technology solutions to help investors outside of the workplace for the first time.
“We are delighted to be working with Aberdeen. We have a shared ambition to provide digital services to savers giving them better financial outcomes, providing simple solutions in the face of much more complexity.”