AEGON UK toasts 27% profits jump

The firm says its life and pensions new business jumped 12% compared with 2006, with individual pensions up 10% to £381m, individual protection new business up 15% to £47.1m and offshore bonds new business up 33% to £81m. These successes saw AEGON’s value of new business figure, which reflects the value attributed to new business volumes and is a key measure of profitability, rose by 27% to £157m. In the retail fund business, new business rose by 30% to £566m, driven by high performance across both the fixed income and equity fund sectors. Equity funds accounted for 16% of retail sales....