Origen targets outlined

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The integration of the five separate Aegon IFA businesses under the Origen brand will be completed by the year end of first quarter of 2005 by the latest, the provider says.

Trading under the Origen name has begun this week, but the formal integration under a single business name will take slightly longer. Aegon UK has set ambitious targets for the new business by 2008, by when it hopes to raise its share of the adviser market to 5% from the current 2%. That implies a rise in turnover to £90m from £35m currently. The number of advisers should double to “400-ish”, a spokesman says, along with a push for a broader internet-based offering. Aegon remains committed to the IFA market for sound business reasons, the spokesman adds. ”People are getting w...

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