NETHERLANDS - Aegon has issued a benchmark Eurobond valued at E900m aimed at European institutional investors.
The bonds mature on April 16, 2008. The bond coupon is 4.625% and the issue price is 99.705%. The proceeds will be used to refinance maturing debt.
Lead managers are Barclays Capital and Deutsche Bank.
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.