Growth spurt prompts Aegon to revise targets

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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...

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