View source for Aegon UK

{{Use dmy dates|date=January 2018}}
{{Use British English|date=January 2018}}
{{Infobox company
| name = Scottish Equitable plc
| logo = AEGON (logo).svg
| logo_size = 200px
| type = [[Subsidiary]]
| foundation = {{start date and age|1831}}, as [[Scottish Equitable]]
| location = [[Edinburgh]], [[Scotland]], [[United Kingdom|UK]]
| key_people = Mike Holliday-Williams, CEO
| num_employees =
| parent = [[Aegon N.V.]]
| industry = [[Financial services]]
| products = [[Pensions]], [[Investment]], [[Insurance (finance)|Protection]]
| revenue =
| homepage = {{url|www.aegon.co.uk}}
}}
'''Aegon UK''' (Aegon) is an Edinburgh based financial services provider specialising in pensions, investments and insurance.
Aegon is the brand name for Scottish Equitable plc and it is a subsidiary of [[Aegon N.V.]], a multi-national life insurance, pension and asset management company headquartered in The Hague, Netherlands.
==History==
The Scottish Equitable Life Assurance Society was founded in Edinburgh in 1831 and in 1861 it began paying out its first pension to a customer.
In 1994, the company became Scottish Equitable plc with Aegon N.V. buying a 40% stake in the business. Aegon NV increased that stake to 100% by 1998.<ref name=Aegon>{{cite web |title=Our history |url=https://www.aegon.co.uk/about-aegon/our-history.html |website=www.aegon.co.uk |access-date=12 July 2021}}</ref>
In 2006 Scottish Equitable plc was rebranded as Aegon Scottish Equitable and in 2009 this was shortened to Aegon, although the legal entity is still Scottish Equitable plc.<ref name=Aegon />
Aegon acquired Cofunds, a UK based investment and administration service in 2016.<ref>"[https://citywire.co.uk/new-model-adviser/news/aegon-buys-cofunds-for-140m/a941705 Aegon buys Cofunds for £140m]", ''New Model Adviser'' 11 August 2016</ref>
In May 2016 Aegon announced that it would acquire BlackRock's UK defined contribution platform (including Master Trust) and administration business, with the transfer completing in 2018.<ref>[https://www.moneymarketing.co.uk/aegon-completes-acquisition-of-blackrocks-dc-book/ Aegon completes acquisition of BlackRock’s DC book], ''Money Marketing'' 3 July 2018</ref> The Master Trust was authorised by The Pensions Regulator in September 2019.<ref>[https://www.aegon.co.uk/news/the_aegon_mastertrustisnowfullyauthorised.html Aegon website]30 September 2019 {{Webarchive|url=https://web.archive.org/web/20200922182414/https://www.aegon.co.uk/news/the_aegon_mastertrustisnowfullyauthorised.html |date=22 September 2020 }}</ref>
In March 2020, Mike Holliday-Williams became the new CEO following the retirement of Adrian Grace after 10 years with Aegon.<ref>{{cite web | last=Reid | first=Scott | title=Change at top for Aegon UK as CEO Adrian Grace announces retirement | website=The Scotsman | date=10 September 2019 | url=https://www.scotsman.com/news/scottish-news/change-at-top-for-aegon-uk-as-ceo-adrian-grace-announces-retirement-1408121 | access-date=22 June 2023}}</ref>
In April 2021, Aegon acquired Pension Geeks.<ref>{{cite web | title=Aegon acquires consumer engagement specialist | website=FTAdviser | date=28 April 2021 | url=https://www.ftadviser.com/pensions/2021/04/28/aegon-acquires-consumer-engagement-specialist/ | access-date=22 June 2023}}</ref>
==Products and customers==
Aegon is a financial services provider with products designed for individuals and business customers. Its products are available through financial advisers or in the case of workplace pensions, made available via an employer. It offers a range of pensions, individual savings accounts (ISAs), life insurance and investment products for individual customers. It offers workplace pensions, including a Master Trust option.
In the UK, Aegon has over 3.8 million customers<ref>{{cite web | last=Touray | first=Momodou Musa | title=Aegon launches protection dashboard for advisers | website=Money Marketing | date=17 May 2022 | url=https://www.moneymarketing.co.uk/news/aegon-launches-protection-dashboard-for-advisers/ | access-date=22 June 2023}}</ref> and manages around £214bn of customers’ savings (as at 31 December 2021).<ref>{{cite web | title=Aegon UK sees assets reach record £200bn | website=FTAdviser | date=12 August 2021 | url=https://www.ftadviser.com/companies/2021/08/12/aegon-uk-sees-assets-reach-record-200bn/ | access-date=22 June 2023}}</ref>
=== Retiready ===
Retiready is a free digital retirement, saving and planning service provided by pension, insurance and investment company Aegon UK. It is designed to help people assess what their income needs will be in retirement and choose suitable products to achieve them.<ref>{{cite web|title=Aegon launches 'revolutionary' direct retirement platform.|url=http://www.ftadviser.com/2014/04/30/ifa-industry/companies-and-people/aegon-launches-revolutionary-direct-retirement-platform-oCRTzcDmYwENx3CrBYon1L/article.html|website=FT Adviser|access-date=12 February 2015}}</ref>
Aegon UK launched Retiready in April 2014.
==People and locations==
Aegon has over 2,000 UK employees (as at 31 December 2021)<ref>{{cite web | last=Reid | first=Scott | title=Edinburgh financial giant Aegon UK hails £200 billion assets milestone | website=The Scotsman | date=12 August 2021 | url=https://www.scotsman.com/business/edinburgh-financial-giant-aegon-uk-hails-ps200-billion-assets-milestone-3343538 | access-date=22 June 2023}}</ref> working from offices in Edinburgh, London, Lytham St Annes, Peterborough and Witham.<ref name=Aegon />
It offers employees career opportunities including graduate apprenticeships while working<ref>"[https://www.skillsdevelopmentscotland.co.uk/news-events/2019/april/all-systems-go-at-aegon/ Skills Development Scotland, All Systems Go at Aegon!]", skillsdevelopmentscotland.co.uk, 26 April 2019</ref> and a marketing graduate scheme.<ref>[https://www.aegon.co.uk/content/ukpaw/news/aegon_kicks_off_searchformarketingtalentofthefuture.html Aegon website], July 2020 {{Webarchive|url=https://web.archive.org/web/20200708184318/https://www.aegon.co.uk/content/ukpaw/news/aegon_kicks_off_searchformarketingtalentofthefuture.html |date=8 July 2020 }}</ref>
In 2021, Aegon was formally recognised as a Living Wage Employer.<ref>{{cite web | last=Wickens | first=Zoe | title=Aegon UK becomes living wage employer | website=Employee Benefits | date=26 July 2021 | url=https://employeebenefits.co.uk/aegon-uk-becomes-living-wage-employer/ | access-date=22 June 2023}}</ref> It is also a signatory of the Women in Finance Charter<ref>{{cite web | last=Jones | first=Rozi | title=36 new firms sign Women in Finance Charter | website=Financial Reporter| url=https://www.financialreporter.co.uk/finance-news/36-new-firms-sign-women-in-finance-charter.html | access-date=22 June 2023}}</ref> and the Race at Work Charter.<ref>{{cite web | last=Pratt | first=Louron | title=Aegon signs Race at Work charter to address racial inequality | website=Employee Benefits | date=3 November 2020 | url=https://employeebenefits.co.uk/aegon-race-work-charter/ | access-date=22 June 2023}}</ref>
==Company management==
===Executive committee===
Chief Executive Officer, '''Mike Holliday-Williams''', appointed 2019<ref>{{cite web | title=Our leadership team | website=Aegon | date=30 April 2023 | url=https://www.aegon.co.uk/about-us/leadership-team-and-executive-committee | access-date=22 June 2023}}</ref>
Chief Financial Officer, '''Jim Ewing''', appointed 2021
Chief Risk Officer, '''Alison Morris''', appointed 2022
Chief Marketing Officer, '''Andy Manson''', appointed 2016
Chief Technology Officer, '''Nick Rodway''', appointed 2019
Chief Internal Auditor, '''Mohit Dhingra''', appointed 2023
Chief HR Officer, '''Arlene Stokes''', appointed 2022
General Counsel and Company Secretary, '''James Mackenzie''', appointed 2012
Chief Service Officer, '''Dougy Grant''', appointed 2020
Chief Distribution Officer, '''Ronnie Taylor''', appointed 2018
Transformation Director, '''Sarah Barry''', appointed 2021
==References==
{{Reflist}}
==External links==
* {{PM20|FID=co/020079|TEXT=Documents and clippings about|NAME=Scottish Equitable}}
{{Authority control}}
[[Category:Companies based in Edinburgh]]
[[Category:Insurance companies of Scotland]]
[[Category:British subsidiaries of foreign companies]]
[[Category:1998 mergers and acquisitions]]
[[Category:Financial services companies established in 1831]]
[[Category:British companies established in 1831]]
[[Category:Scottish brands]]
[[Category:1831 establishments in Scotland]]