Barclays Corporate & Employer Solutions (C&ES) is teaming up with Aegon and Zurich to launch a corporate pension platform as part of the Barclays C&ES workplace savings offering.

The platform will provide access to Barclays Wealth & Investment Management investment funds, which could be used as ‘default’ investment options by employees in their Barclays workplace pensions.

The project is being overseen by Katharine Photiou, head of workplace savings, and further announcements of its development are expected throughout the first quarter of the year.

Photiou said: “This is an exciting development and a major step in our journey towards the unveiling of our new workplace savings offering. Barclays is the UK’s largest wealth manager, we have an enormous depth of resource and expertise in investment fund research, analysis and in behavioural science. As a wealth manager we understand both the investment and decision making challenges individuals have in accruing wealth – and this means that we are far more attuned to the DC market than those that approach the challenge from an institutional perspective.”

Head of Barclays C&ES Richard Phelps added: “2013 is set to be a landmark year for Barclays C&ES, in particular as we roll out our workplace savings proposition. 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.”

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