Aegon UK profits up in H1 despite pandemic challenges

It said the increase was a result consolidating its platforms to common technology and a lower cost base, according to its latest results out this morning (13 August). Digital ‘solutions' earnings increased to £25m from £14m driven by higher fee income as a result of continued growth in platform assets, and improved protection earnings. Lower expenses also contributed to the earnings increase as savings from the integration of Cofunds more than offset expenses for business continuity related to the Covid-19 pandemic lockdown, the results said. Earnings of the existing business decl...