Aegon is withdrawing from the bulk annuities market with immediate effect as part of a restructure of its UK life and pensions business.
The insurer said it was withdrawing from the bulk annuity market because increasing price competition meant the business was not hitting profitability targets. It said it would take significant ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders