Aegon distribution arms Positive Solutions and Origen pared back losses last year to end the period down £2m, an improvement from £6m losses in 2011, due mainly to cost savings.
The two distribution arms reported combined earnings of nil in the final quarter of last year, compared to a loss of £2m for the same quarter in 2011. Parent company Aegon reported new life sales rose to £758m in 2012, up from £738m the year before. The increase was driven by higher new life sales in the last quarter of 2012, which were up 53% to £247m up from £161m in the fourth quarter of 2011. Aegon said the strong fourth quarter results were due to strong growth in group pensions. Aegon UK chief exectuve, Adrian Grace (pictured), said he believes his business is "uniquely" p...
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