Aegon UK earnings jump but auto-enrolment charge cap cost of up to £25m a year looms

Laura Miller
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Aegon UK has said that it estimates the charge caps for auto-enrolment business will cost it between £20m to £25m a year, as it reported a 30% rise in pre-tax earnings for the second quarter.

Underlying earnings before tax from Aegon's Q2 operations in the United Kingdom increased to £26m - higher than any quarter in 2013 - up from £20m for the same period last year, which the insurer said...

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