Aegon

The European Central Bank will dodge quantitative easing to solve the eurozone sovereign debt crisis because its mandate does not allow it, an Aegon fixed income manager says.

Aegon today confirmed the sale of its UK-based life and pensions business Guardian to European private equity group Cinven, for a total cash consideration of £275m.

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.

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UK/NETHERLANDS - Aegon is to rebrand its UK asset management arm as Kames Capital.

EDHEC-Risk Institute; AMG; KKR; Aegon; Inalytics; Threadneedle; Schroders

UK - Aegon Asset Management‘s head of property investment Phil Clark has been named chairman of the Investment Property Forum.

Aegon UK is to cut 213 jobs and outsource a further 106 within its life and pensions business as part of a cost-cutting exercise.

NETHERLANDS - Dutch pension funds should lower costs and require external investment managers to give a full accounting of expenses to increase their capital in the long term, financial markets regulator AFM said.

The white paper focuses on the impact of increasing longevity on company pensions and discusses possible solutions.