Aegon

Aegon global chief executive Alex Wynaendts has unveiled plans for the life company to restructure and secure a stronger share of the Asian and US life and protection markets.

Aegon will guarantee to increase the income base of customers invested in its unit-linked variable annuity product every year, regardless of the underlying investment performance, as the insurer makes a raft of changes to its Secure Lifetime Income (ASLI)...

Aegon will axe 48 management staff at its Edinburgh headquarters, and three from elsewhere in the business, as part of its latest round of cost-cutting.

Positive Solutions and Origen posted a combined £1m profit in the third quarter as parent company Aegon noted a "considerable" decline in the value of new business.

Alun Beynon, the head of Aegon's individual protection business, will step down from December.

Aegon head of corporate development Ted Hart is re-joining the FSA after two years with the provider.

Failure to reduce the upper age limit on auto-enrolment into workplace pensions from state pension age (SPA) may mean workers near retirement will lose their savings to means testing, Aegon says.

AEGON's decision to remain in individual protection markets was due to "significant overlap" with its chosen core markets, the provider has said.

Aegon could relocate outside the European Union (EU) to stay competitive with global rivals once Solvency II comes into force, its CEO warns.

Origen Financial Services, an Aegon-owned national IFA, today launches Annuitas, an annuity and advice service aimed at IFAs.