Aegon will transfer the operation of its defined benefit pension schemes to JLT Benefit Solutions under a partnership agreement which will see 100 staff transferred from the life company.
The 100 staff will transfer to JLT early next year. The DB schemes, along with some other related clients, are worth about £710m and affects 25,000 members. JLT, which recently announced the acquisition of Alexander Forbes Actuaries and Consultants, will acquire new offices in Edinburgh during 2013. Aegon chief executive Adrian Grace said: "Our partnership with JLT delivers a strong solution for our clients and their advisers. The agreement provides for continuity of employment for our staff and the maintenance of services for our clients." Duncan Howorth, chief executive of JLT Be...
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