Summary
AEGON UK saw new life and pensions business crash by 18-per cent in the first quarter of 2005 against the same quarter in 2004, but operating earnings jumped by 62-per cent to pounds-34m under the new reporting standards.
Otto Thoresen, the group's new chief executive, said the review of its life and pensions branding as Scottish Equitable would be completed later this year, but he expected the business to maintain its third position in the market behind Aviva and Standard Life.See the full content of this document
Extract
Rise in Income at Aegon Offsets Fall in New Business
Thoresen said the fall in new business ref lected early changes in pricing and commission levels that many co...
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