Aegon retains UK protection but cost cuts continue

The Dutch insurer says the businesses support its aim of focusing on the 'core' at-retirement market. It has closed its third party pensions administration and employee benefits software businesses as they are not central to its future proposition. It will retain the closed-book of business of Guardian Financial Services, which it says continues to provide steady cash flow. Aegon N.V. chief executive Alex Wynaendts says the UK continues to be a "key" market for Aegon. "The measures we are taking in the UK are essential to our larger objective of improving returns and sharpening ...