Fact sheet United Kingdom
February 2016
About Aegon UK
Aegon is a leading provider of life insurance, pensions and asset management in
the United Kingdom. The United Kingdom is one of Aegon’s three main markets
together with the United States and the Netherlands. Aegon has been serving
the United Kingdom for over 180 years, with its history dating back to 1831,
when one of its predecessors, Scottish Equitable, was founded.
>1.9 million
GBP 59 billion
Pension plan
participants
at year-end 2015
2,400
Revenue-generating
investments at end
fourth quarter 2015
• In the UK, Aegon focuses on two core growth markets
– at-retirement and workplace savings – and is a major
provider of corporate and individual pensions, protection
products, annuities and savings products.
• Aegon UK uses independent advisors, banks and direct
channels to offer its products and services to customers.
• Aegon UK’s main offices are located in Edinburgh and
London.
• Aegon UK is increasingly focused on its award-winning
online platform Aegon Retirement Choices (ARC),
an integrated solution to and through retirement.
• The ARC platform was recently enhanced with the
Retiready digital access service. Customers who prefer to
approach Aegon directly can now also use the platform.
Retiready is designed to help customers understand how
prepared they are for retirement and to help guide them
to improve the likelihood that they achieve their desired
retirement income.
• By the end of the fourth quarter of 2015, ARC had
GBP 6.4 billion in assets under administration.
• UK asset management is provided by Kames Capital,
an Aegon Asset Management company, which oversees
GBP 59 billion1) in revenue-generating investments.
• Aegon is the lead sponsor of British tennis, supporting
many aspects of the sport from community initiatives
to international competition.
1)
Over
As per December 31, 2015.
Employees
(December
31, 2014)
The UK is the largest pensions market in Europe and the 3rd
largest life insurance market in the world behind the United
States and Japan. In 2014, 47% of the working population in
the UK contributed to a pension1). Between 2012 and 2018
many employees who are not already in a work-based pension
scheme will be automatically enrolled into one.
1)
Source: UK Insurance Key Facts 2014, Association of British Insurers.
Fast facts: UK market2)
Life expectancy at birth
81.2 years
Population over 65 (2015)
18.1%
Life insurance premiums (2014)
USD 235 billion
Penetration rate life
(premiums as % of GDP; 2014)
8.0%3)
Gross national income
per capita (2014)
USD 45,603
xxxxxxx
Fast facts: Aegon UK
Main business lines
Life insurance, pensions, asset
management and distribution
Main distribution channels
Independent financial advisors,
banks and direct marketing
Number of employees
2,420 (December 31, 2014)
Chief Executive Officer
Adrian Grace
Sources: UN, Swiss Re
3)
Life premiums as % of GDP
2)
More information: aegon.co.uk.
Financials
UK: Underlying earnings before tax
UK: Total sales
2015
GBP 91 million
2015
GBP 684 million
2014
GBP 92 million
2014
GBP 807 million
2013
GBP 74 million
2013
GBP 884 million