Aegon

Otto Thoresen explains why employers and better incentives are key to the future of schemes

UK - 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.

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.