UK - Aegon UK chief executive David Henderson will step down from the post next March.
Henderson - who will be 60 later this month - will be succeeded by financedirector Otto Thoresen.
Henderson was part of the executive team that led Scottish Equitable Life Assurance Society through demutualisation and which became part of Aegon Group in 1994. Henderson - who joined Scottish Equitable in 1971 - subsequently became chief executive when Aegon UK was formed in 1997.
Henderson will remain on the Aegon UK board as a non-executive and will stay involved with a number of Aegon’s businesses in eastern Europe.
Thoresen has been Aegon’s finance director since 2000 and has been heavily involved in its move from being predominantly a pensions provider to a broader financial services group.
He will be succeeded by Mark Laidlaw, who becomes chief financial officer.
Since 2001, Laidlaw has worked on all Aegon’s significant acquisitions and has also led a number of major projects aimed at increasing shareholder value and business change.
Thoresen said: “Mark’s considerable experience across a number of key areas of corporate finance makes him a nat-ural choice for this prominent role within the executive team. I am looking forward to working closely with him as we shape Aegon’s future financial strategy.”
Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
Melrose has pledged to contribute up to £1bn to GKN's pension schemes as part of a final offer to acquire the engineering business.
Existing master trusts will be forced to pay £41,000 when applying for authorisation under the upcoming regime, the government has confirmed.
UPDATE 2 - DWP publishes DB white paper: Stronger powers for TPR, DB chair statements to be introduced
The Pensions Regulator (TPR) will be given the power to fine company bosses who deliberately puts their defined benefit (DB) schemes at risk, the government has confirmed.