Aegon UK to quit writing annuities, passes clients to L&G
The UK arm of Dutch insurer Aegon is to stop writing new annuities from the fourth quarter of this year, and has agreed to pass clients seeking the product onto Legal & General.
Aegon
-
-
PEOPLE MOVES: Aegon, UK and Australia governments
Aegon UK’s chief financial officer is to depart, while both the UK and Australian governments have announced further political manoeuvring following the Brexit referendum and Australian national elections.
-
PEOPLE MOVES: OMGI, Creechurch Capital, Aegon UK
Old Mutual Global Investors has named a new head of global bonds, while Creechuch Capital has lured its new managing director from Canada Life International and Aegon UK has created the new role of protection director.
-
What will a ‘Brexit’ mean for my pension?
With the referendum on whether or not the UK will leave the European Union only days away, Aegon has addressed some of the concerns about how a vote to leave could impact pensions.
-
Insurance sector must reinvent itself with ‘dramatic measures’
Insurers are failing to adapt to changing customer needs and technology, instead focusing more on complying with new regulations, a new report by KPMG has found.
-
PEOPLE MOVES: BSI Bank, BlackRock, Aegon…
On what has been a very trying day for Switzerland-headquartered BSI Bank, the company’s chief executive has stepped down with immediate effect. BlackRock has poached its new senior managing director from a Canadian pension fund, while Aegon’s managing director for retail is to retire after 30 years with the company.
-
L&G buys £3bn UK annuity book from Aegon
Insurance giant Legal & General (L&G) has bought a £3bn ($4.3bn, €3.9bn) UK annuity portfolio from Dutch-headquartered life group Aegon.
-
More UK savers on track for retirement
The UK appears to be taking their retirement a bit more seriously, with 12% of the population now on track for the retirement they aspire to have, up from 7% in April 2015, according to Aegon UK.
-
UK outlines how new secondary annuities market will work
The UK government has set out the rules and regulation for its planned secondary annuities market which will allow holders to sell their scheme back to a provider or onsell the income stream to an FCA-authorised buyer.
-
Aegon sells two-thirds of UK annuity book
Dutch-headquartered life group Aegon is selling two-thirds of its UK annuity book to insurer Rothesay Life.
-
Aegon platform business surges in pension ‘perfect storm’
Aegon’s UK platform business has benefited significantly from the pensions freedoms announced in April, the firm said.
-
Aegon set to sell annuity book to Rothesay – report
Rothesay Life, the UK-based insurer is in exclusive talks to buy Aegon’s £9bn UK annuity book, Reuters has reported.