Aegon UK

Earnings at Aegon UK declined in the second quarter as the insurer continues to pay millions in customer redress following administrative problems at Scottish Equitable.

Aegon is set to sell its Guardian life insurance arm for £250m, according to the Sunday Times.

Stephen Greenstreet, managing director of Aegon-owned IFA Origen, has resigned to pursue alternative opportunities within the financial services sector.

Aegon UK has appointed Patrick Gale to executive chairman of distribution.

Capping prices or requiring advisers to benchmark recommendations against lower-charged substitutable products could have unintended consequences for consumers, insurer Aegon UK says.

National IFA Positive Solutions is to offer existing and prospective partner firms a new charging structure designed to encourage them to build their own brand presence and recruit more advisers.

National IFA Positive Solutions has overhauled its pension switching guidelines for its 1,300 partner advisers following FSA guidance and recent regulatory action against at least 22 firms.

Adrian Grace, the new chief executive of Aegon UK, discusses filling Otto Thoresen's shoes, the insurer's platform tie-up with Novia and a commitment to the intermediary market.

Positive Solutions is confident partners who resigned last week over an eleventh-hour directive that will see exiting advisers charged a leavers' fee will stay with the company.

Positive Solutions is upping the charges it levies partners, citing "substantial" increases in professional indemnity insurance costs and FSCS bills.