Aegon UK made a loss before tax of £22m in the fourth quarter of 2011, dragged down by further redress payments following administrative problems at Scottish Equitable and a slump in life and pensions sales.
Retirement Planner's round-up of the top pension stories this week.
My 45-year-old client was made redundant due to the recession, but has recently started a new yet much lower-paid job. With his income protection (IP) policy covering his last wage level, he is now over-insured and would not be able to claim his full...
Aegon has been ordered to pay a customer £10,500 in compensation after it told him he would receive double the pension income he was actually due.
Grieving clients could be missing out on thousands of pounds worth of state bereavement benefits, RGA has said.
Aegon has appointed Martin Coyle, previously business development director at Axa Wealth, as head of platform sales as the insurer gears up to launch its workplace proposition in the first half of the year.
Aegon is the latest major insurer to unveil its corporate pension "hub" for employers.
Openwork has produced a protection quote application for Apple mobile devices.
Banning trail commission on fund switches - as the FSA hinted it may do - goes against the spirit of treating customers fairly, advisers say.
Insurer Aegon has warned of the "disastrous" ramifications of removing trail commission following a fund switch - a move the FSA hinted at in its latest consultation paper on legacy commission.