Old Mutual’s Intrinsic reported to be in talks to buy Tenet
Old Mutual Wealth-owned adviser network Intrinsic is believed to have begun talks to buy Tenet, according to UK media reports.
Aegon
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Aegon sees UK life sales dive as Asia business soars
Dutch-headquartered life group Aegon reported a 30% third quarter fall in its total UK life sales but also revealed a more than 50% leap in Asia compared to the same period in 2014.
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Advice costs still weigh on uncertain UK pension savers
Nearly 75% of people surveyed by British insurer Aegon UK said the prospect of having to pay for financial advice puts them off, though of those that have obtained advice, 90% said they were satisfied with the service.
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Aegon to exit the Association of British Insurers
Aegon is to leave the Association of British Insurers (ABI) at the end of the year.
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Aegon looks to sell its UK annuity business
Dutch insurance giant Aegon is looking to sell its annuity business in the UK, following on from a move by the French insurer Axa to offload its British business, as international insurers react to the changing regulatory environment.
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Aegon blocks pension freedoms without financial advice
UK-based pension provider Aegon is refusing to give savers flexible access to their pension pots without financial advice.
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Canada Lifes seals longevity risk deal with Aegon
Canada Life’s reinsurance division has reached a deal with insurance giant Aegon to cover the longevity risk on a €6.0bn (£4.3bn, $6.7bn) portfolio of Dutch annuities.
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Aegon posts solid earnings rise as fee business grows
Life insurance giant Aegon has posted a 7% rise in underlying earnings for the second quarter as a growth in fee business and the stronger US dollar were only partly offset by lower US life and protection results.
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Prepare for blast-off: Life trends with Aegon Ireland
Barry Cudmore, managing director of guarantees specialist Aegon Ireland, is a driving force in the development of unit-linked solutions, and sees the recent UK pension changes as a game changer.
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Concept Group challenges Aegon pension fraud report
International pension provider, Concept Group, has hit back at a recent report from Aegon, which claimed that 80% of overseas pension transfer requests were fraudulent.
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Majority of QROPS transfer requests are a scam, warns Aegon
Aegon has warned that 80% of the requests it has received for transfers into qualifying recognised overseas pension schemes (QROPS) are designed to swindle savers out of their pension pots.
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Summer Budget 2015: Saving the wealthy from record IHT rates?
Last week, it was revealed that HM Revenue & Customs took in a record £379m worth of inheritance tax (IHT) in April, but with the Tories today confirming a more lenient approach to the tax in Wednesday’s Summer Budget, what is the future price of passing down wealth?