The Scottish Equitable name may disappear from the industry following a business restructuring announced by owner Aegon, reports The Scotsman.
The Dutch insurer wants to split its life and pensions business into separate arms - Aegon Corporate and Aegon Individual - and although it intends to keep the ScotEq name in the short term is suggesting it may go after a while. The Scotsman says IFAs are split on the news, with some suggesting it would be wrong to ditch a well-recognised brand, but others saying new brands can come to the fore quickly in today’s marketplace. Aegon’s moves will not affect its rougly 3,000 staff in Edinburgh, or its asset management or IFA network businesses. STAFF WILL BE cut at insurance broker AO...
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