Aegon UK earnings drop on customer redress charge

Scott Sinclair
clock

Earnings at Aegon UK declined in the second quarter as the insurer continues to pay millions in customer redress following administrative problems at Scottish Equitable.

Underlying earnings before tax declined to €10m (£8.7m) in Q2 compared with €12m (£10.5m) in the previous quarter and €22m (£19m) in the corresponding three months last year. Aegon said the decr...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

TPR updates admin guidance in bid to safeguard benefits and build trust

TPR updates admin guidance in bid to safeguard benefits and build trust

Regulator says administration is ‘fundamental’ to good saver outcomes

Holly Roach
clock 09 December 2025 • 6 min read
Buzz: Should AE contributions be increased to a 12% minimum?

Buzz: Should AE contributions be increased to a 12% minimum?

AE minimum contributions, Stagecoach deal, buyout barriers

Professional Pensions
clock 09 December 2025 • 1 min read
Smart Pension completes consolidation of Options Workplace Pension Trust

Smart Pension completes consolidation of Options Workplace Pension Trust

Asset transfer takes Smart Pension AUM to more than £9.3bn

Holly Roach
clock 09 December 2025 • 1 min read
Trustpilot