Aegon has sold the final third of its UK annuity portfolio to Legal & General (L&G) as part of its strategy to free up capital from non-core business.
The purchase consists of £3bn of Aegon's annuity book including around 27,000 policyholders, after it sold £6bn of the portfolio to Rothesay Life in April. Under the terms of the agreement Aegon will...
Hyperbolic discounting and political temptation: Why Brexit-fuelled AE reversal would be a 'monumental' mistake
The home secretary has suggested AE should be scrapped in the event of a no-deal Brexit. Darren Philp explains why this would be misguided
The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.