Aegon completes acquisition of £15bn BlackRock DC businesses

James Phillips
clock • 1 min read

Aegon has concluded the final steps of its takeover of BlackRock's defined contribution (DC) platform and administration businesses over two years after announcing the plans.

Around £15bn of assets have been transferred since the deal was announced in May 2016, with the final phase of transferring around 450,000 customers completed today (3 July) after being approved by...

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

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

Decumulation solutions need tailored approach amid varying pensioner spending habits, report says

Decumulation solutions need tailored approach amid varying pensioner spending habits, report says

Research finds retirees who own their homes tend to ‘frontload’ their retirement spending

Martin Richmond
clock 08 May 2025 • 6 min read
Scottish Widows says 15.3 million people at risk of retirement poverty

Scottish Widows says 15.3 million people at risk of retirement poverty

Major concerns for gen Z, low to middle-income earners and self-employed workers

Jasmine Urquhart
clock 07 May 2025 • 3 min read
DC savers' expected retirement living standard grow since 2019, Aon finds

DC savers' expected retirement living standard grow since 2019, Aon finds

Aon DC Tracker shows risks of emerging ‘intergenerational divide’ in retirement outcomes

Martin Richmond
clock 07 May 2025 • 5 min read
Trustpilot