Brace for global recession in 2019
An economic downturn affecting most developed markets will occur in 2019, Aegon Asset Management has predicted.
Aegon
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Aegon opens Mexican asset manager
Dutch insurer Aegon and its North American subsidiary Transamerica are setting up a Mexican asset management joint venture with the same firm that partnered with Lombard International to launch a life company earlier this year.
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PEOPLE MOVES: Deutsche Bank, Liberty Sipp, Aegon
German behemoth Deutsche Bank has replaced its US chief Bill Woodley, while pension provider Liberty Sipp has a new finance and operations director, and life insurer Aegon UK a new head of marketing communications.
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Aegon sells Irish and Dutch units as Cofunds boosts results
Dutch insurer Aegon is selling its Irish offshore bond operation and its Netherlands-based advice business, while a strong boost in earnings from platform Cofunds, according to its latest quarterly report.
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Big UK insurers not offering financial advice tax break
Millions of pension savers cannot take advantage of a tax break designed to help them pay for financial advice because major providers including Aviva, Aegon, Fidelity, Legal & General, Prudential and Royal London are not offering it to customers, reports the Financial Times.
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Life insurance sales growth an opportunity for advisers
Searches and applications for life insurance in the UK have risen over the past year, which contradicts conventional wisdom that in tougher economic and political times like these protection sales take a downturn and creates an opportunity for advisers.
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UK advisers backing multi-asset funds
More than a third (36%) of UK advisers are mainly using multi-asset strategies with clients, up from less than a fifth (18%) last year, research from Aegon UK has found.
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Five things to expect from the new UK government
After an astonishing general election that delivered a hung UK parliament, there has been nothing but political uncertainty in recent weeks. All eyes now turn to the delayed Queen’s Speech on 19 June, setting out the legislative programme for this year. Click on the arrows in picture below to see five things likely to come…
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ANALYSIS: Where should you invest after UK election shock?
The thesaurus doesn’t offer a decent alternative to “uncertainty”, the post-election word du jour, yet Theresa May’s dire performance makes it likely we will be reading the word many times a day for the foreseeable future.
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Sterling drops, markets composed after UK election surprise
The universally acknowledged poor decision by UK prime minister Theresa May to call a snap election and then alienate her core voting base, resulting in a hung parliament, initially dented sterling by around 2% but has had little real impact on the stock market.
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How the UK election could impact pensions
What looked like a sure thing when UK prime minister Theresa May called the snap election back in mid-April has turned somewhat muddy. Aegon pensions director Steven Cameron has taken a look at what the parties’ manifestos mean for pensions.
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PEOPLE MOVES: Manulife, Aegon, Legal & General
Manulife’s president and chief executive is to retire, while Aegon has appointed a policy affairs heavy hitter to oversee the company’s government relations in Europe, the Americas and Asia. L&G has a new head of strategic business for its pension risk transfer division.