Growth spurt prompts Aegon to revise targets

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 in...