Aegon

Two more senior figures are to leave insurance giant Aegon UK as the company continues a restructuring programme designed to cut operating costs by 25% by the end of the year.

In the first part of our run-down of the top 20 most read Professional Pensions Online news articles in 2010, we look at those in eleventh to twentieth place.

Aegon expects to complete a customer redress exercise currently estimated at £60m by the end of next year.

Scottish Equitable has been fined £2.8m by the Financial Services Authority for a series of administrative failings including underestimating the value of customers' future pension benefits to the tune of almost £7m.

Telehouse has appointed Goddard Perry Consulting to service its £3.5m group personal pension plan.

NETHERLANDS/ASIA - Dutch life insurance and pension company Aegon is to reorganise its loss-making operations in Asia to benefit more from high growth prospects in the region.

NETHERLANDS - The pension fund for food manufacturer Hero has completed a €44m ($58m) buy-in deal, the first of its kind in the Netherlands.

NETHERLANDS - Pensions and insurance provider Aegon is to cut 5% of its US workforce as part of its latest restructuring plan.

This month the panellists discuss allocation trends towards fixed income and corporate bonds, and hidden problems with hybrid corporate bonds

Aegon has started consultation with unions over 51 redundancies across its employee benefits and finance departments.