The Dublin based firm said the offshore bond, which is available on its Aegon Retirement Choices platform, would now have a fixed quarterly charge of £82.40. Both this reduction and the cessation of the fund based product charge come into force with immediate effect.
Simon Skinner, chief executive of Aegon Ireland said: “We are seeing offshore bonds become more of a mainstream choice for high net worth investors and this improvement in terms signals Aegon’s continuing commitment to delivering value to our customers.”
