Aegon UK has revised its 2010 new business targets to reflect the company's "considerable growth" from 2005.
The company is aiming to triple its value of new business (VNB) between 2005 and 2010, to £213m. It represents a 22% VNB margin increase during the period, up from its original 16% target. Aegon also wants to increase its overall UK life and pensions market share to a “feasible” 10% by 2010. “At the end of Q3 this year we had about 7.9%, so we are well on the way of achieving that market share ground,” Aegon spokesperson Lesley McPherson says. “Five years ago we were seen purely as a specialist pension provider, but we have made solid ground in the areas of individual annuities and indiv...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes