Aegon UK

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.

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.

Aegon acquired Cofunds, a UK based investment and administration service in 2016.

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. The Master Trust was authorised by The Pensions Regulator in September 2019.

In March 2020, Mike Holliday-Williams became the new CEO following the retirement of Adrian Grace after 10 years with Aegon.

In April 2021, Aegon acquired Pension Geeks.

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 and manages around £214bn of customers’ savings (as at 31 December 2021).

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.

Aegon UK launched Retiready in April 2014.