Barclays Corporate & Employer Solutions (C&ES) division has joined hands with Aegon and Zurich to offer a corporate pension platform, as part of its C&ES workplace savings offering.
Aegon and Zurich will support the pension element of the Barclays C&ES workplace benefits strategy to provide access to Barclays Wealth & Investment Management investment funds.
The wealth and investment management team has prepared the strategic asset allocation of the new funds, which as a ‘default’ investment options are appropriate for use by employees in their Barclays workplace pensions, the UK lender said.
Barclays C&ES head Richard Phelps said, "Harnessing the capabilities of the Barclays Group as well as joining forces with Aegon and Zurich for our corporate pension offering underlines our commitment to bring something different and compelling to the workplace savings arena."
Trading in more than 50 nations and having over 140,000 staff, the bank offers retail banking, credit cards, corporate and investment banking, wealth & investment management services as well as trust and fiduciary services.