The restructure of Aegon's UK business cost the life and pensions firm €12m (£10.2m), third quarter results show.
The firm is targeting cost cuts of 25% in its UK life and pensions operations by the end of next year. It said it had so far restructured its UK sales division, sold its third party pension administration...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point