It gives advisers access to detailed summaries of their clients' products and performance over a period they select.

The tool is designed to help advisers tailor conversations with clients so they can deliver a more personalised approach in support of delivering Consumer Duty outcomes.

Product reporting is accessible from the client summary and offers a range of features that allows advisers to gain insights into their clients' portfolios.

New features include valuations of clients' products and the ability to generate graphical representations across all products, such as product valuations, money in and out, along with the option to customise date ranges.

Additionally, advisers can also see a breakdown of key product data, including opening and closing value, return for all products or selected products, income received from any income-generating investments, and any charges where applicable.

Aegon said it is gathering feedback from advisers, to help the future development of the tool, which will be delivered on a phased basis.

Stephen Crosbie, managing director - retail at Aegon, said: "The launch of product reporting is a part of our commitment to continually improve our platform. Aegon’s new user experience allows us to elevate our platform's digital capability for advisers.

“Aegon is determined to provide financial advisers with solutions that streamline their processes and enhance their ability to serve their clients effectively, delivering good Consumer Duty outcomes."