Aegon

The National Employment Savings Trust and Aegon have signed a formal agreement to offer an integrated auto-enrolment proposition.

Aegon UK made a loss before tax of £22m in the fourth quarter of 2011, dragged down by further redress payments following administrative problems at Scottish Equitable and a slump in life and pensions sales.

Yesterday, the Department for Work and Pensions published the revised timetable of staging dates for auto-enrolment. PP rounds up industry reaction and looks at how the changes will help larger as well as smaller employees.

Insurers are split over how the industry should tackle the issue of "unfair" active member discounts, PP can reveal.

UK - Aegon is to close its defined benefit pension scheme to future accrual in March 2013 as part of its restructure and cost saving programme.

Aegon is to close its defined benefit pension scheme to future accrual in March 2013 as part of its restructure and cost saving programme.

The majority of European multinational companies would like to develop cross-border pensions but differing regulations among member states and uncertainty over changing European rules are giving plan sponsors pause, AEGON finds.

EUROPE - The majority of European multinational companies would like to develop cross-border pensions but differing regulations among member states and uncertainty over changing European rules are giving plan sponsors pause, AEGON finds.

A "pounds and pence" approach to defined contribution charging would lead to lower-paid members paying more, industry figures say.

Baring Asset Management appoints COO, Oregon State Treasury, ING Investment Management, State Street, Wurts & Associates, Alaska Permanent Fund Corp., Pramerica, PIMCO, Pioneer Investments, Aegon