Aegon UK

Aegon UK (Aegon) is an Edinburgh based financial services provider specialising in pensions, investments and insurance.

Scottish Equitable plc
IndustryFinancial services
Founded1831 as Scottish Equitable
HeadquartersEdinburgh, Scotland, UK
Key people
Mike Holliday-Williams, CEO
ProductsPensions, Investment, Protection
Websitewww.aegon.co.uk

Aegon is the brand name for Scottish Equitable plc and it is a subsidiary of Aegon N.V., a multi-national life insurance, pension and asset management company headquartered in The Hague, Netherlands. Its mission is to help people achieve a lifetime of financial security.

History

The Scottish Equitable Life Assurance Society was founded in Edinburgh in 1831 and in 1861 it began paying out its first pension to a customer.

In 1994, the company became Scottish Equitable plc with Aegon N.V. buying a 40% stake in the business. Aegon NV increased that stake to 100% by 1998.[1]

In 2006 Scottish Equitable plc was rebranded as Aegon Scottish Equitable and in 2009 this was shortened to Aegon, although the legal entity is still Scottish Equitable plc.[1]

Aegon acquired Cofunds, a UK based investment and administration service in 2016.[2]

In May 2016 Aegon announced that it would acquire BlackRock's UK defined contribution platform (including Master Trust) and administration business, with the transfer completing in 2018.[3] The Master Trust was authorised by The Pensions Regulator in September 2019.[4]

Products and customers

Aegon is a financial services provider with products designed for individuals and business customers. Its products are available through financial advisers or in the case of workplace pensions, made available via an employer. It offers a range of pensions, individual savings accounts (ISAs), life insurance and investment products for individual customers. It offers workplace pensions, including a Master Trust option.

In the UK, Aegon has over 3 million customers[5] and manages around £170bn of customers’ savings.[6]

People and locations

Aegon has around 3,000[7] UK employees working from offices in Edinburgh, London, Lytham St Annes, Peterborough and Witham.[1]

It offers employees career opportunities including graduate apprenticeships while working[8] and a marketing graduate scheme.[9]

Company management

Executive committee

Chief Executive Officer, Mike Holliday-Williams, appointed 2019

Chief Financial Officer, Stephen McGee, appointed 2016

Chief Risk Officer, Jim Ewing, appointed 2014

Management team

Managing Director - Digital Solutions, Mark Till, appointed 2016

Managing Director - Existing Business, Dougy Grant, appointed 2016

Managing Director - Transformation, Innovation and Growth, Ed Dymott, appointed 2018

Chief Distribution Officer, Ronnie Taylor, appointed 2018

Chief Internal Auditor, Alison Morris, appointed 2019

Chief Technology Officer, Nick Rodway, appointed 2019

Human Resources Director, Gill Scott, appointed 2010

General Counsel and Company Secretary, James Mackenzie, appointed 2012

References
  1. "Our history". www.aegon.co.uk. Retrieved 12 July 2021.
  2. "Aegon buys Cofunds for £140m", New Model Adviser 11 August 2016
  3. Aegon completes acquisition of BlackRock’s DC book, Money Marketing 3 July 2018
  4. https://www.aegon.co.uk/news/the_aegon_mastertrustisnowfullyauthorised.html, 30 September 2019
  5. https://www.aegon.co.uk/about-aegon.html, September 2019
  6. https://www.aegon.com/contentassets/118c67b0654247688b221500a336999f/aegon-2h-2019-pr-english.pdf, July 2020
  7. https://www.aegon.co.uk/about-aegon.html, September 2019
  8. "Skills Development Scotland, All Systems Go at Aegon!", skillsdevelopmentscotland.co.uk, 26 April 2019
  9. https://www.aegon.co.uk/content/ukpaw/news/aegon_kicks_off_searchformarketingtalentofthefuture.html, July 2020
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