Aegon prepares sale of UK business - reports

The Dutch financial services group is thought to be in the early stages of the sales process which comes after a significant shift in the UK pensions market. The report said Aegon has hired investment bankers at Citi to oversee "a number of asset sales" which could generate significant proceeds. A final decision on any sales has not yet been made, it added. The speculation follows earlier consolidation in the pensions market when annuity providers Just Retirement and Partnership announced merger plans earlier this summer. Sky News also referenced an earlier warning from ratings age...