L&G buys Aegon's £3bn annuity book

Kristian Brunt-Seymour
clock • 2 min read

Aegon has sold the final third of its UK annuity portfolio to Legal & General (L&G) as part of its strategy to free up capital from non-core business.

The purchase consists of £3bn of Aegon's annuity book including around 27,000 policyholders, after it sold £6bn of the portfolio to Rothesay Life in April. Under the terms of the agreement Aegon...

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Kristian Brunt-Seymour
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