Improved equity markets lifted Aegon income

Full details of the Dutch company’s financial results were released this morning, however, specific information on the UK business reveals net income at the Scottish life office suggests net income increased because equity-linked funds carried higher fees as markets improved. “The increase in net income was primarily due to higher management fees on equity linked funds as a result of higher average equity markets. The average FTSE level over the first half of 2004 was 16% above the comparable 2003 period.” Aegon UK’s financial statement says net income rose 29% to £49m in the first ha...