 |
|
 |  |  |  |
Legal & General and Aegon have today announced a 5 year distribution agreement to offer Legal & General individual annuities to Aegon customers. The partnership is expected to generate circa £190 million of individual annuities within the first 12 months. |
The distribution agreement will start in October, when Aegon stops writing new annuity business. In May Legal & General acquired a £2.9 billion annuity portfolio from Aegon, covering approximately 27,000 of in-payment policyholders. Stephen Griffiths, Commercial Director, Individual Retirement said: “It’s excellent news Aegon have chosen us as their annuity partner, and I look forward to providing Aegon’s customers with great value annuities and excellent customer service.” Aegon pension customers with annuity guarantees will have these provided by Legal & General. Customers without a guarantee will have the option of getting an annuity quote, if they want, when considering their retirement options. Legal & General Retirement sales year to date across bulk annuities, individual annuities and lifetime mortgages are £4.75 billion, (£4 billion in H1 2016 compared to £1.36 billion in H1 2015). In July it announced a £750 million pension risk transfer deal with the ICI Pension Fund, and a 5 year agreement to offer lifetime mortgages to Santander customers. |
|
|
|
| Take the lead client-facing projects ... | ||
| Various locations - Negotiable | ||
| Choose Life! Choose a major global co... | ||
| Various locations - Negotiable | ||
| Actuarial skillset? Apply now for Snr... | ||
| South East / hybrid with travel requirements - Negotiable | ||
| Financial Risk Leader - ALM Oversight | ||
| Flex / hybrid - Negotiable | ||
| Be the very model of a modern Capital... | ||
| London - Negotiable | ||
| Pensions Actuary seeking a high-impac... | ||
| London or Scotland / hybrid 3dpw office-based - Negotiable | ||
| Great opportunity for Pensions Actuar... | ||
| London or Scotland / hybrid 3dpw office-based - Negotiable | ||
| Responsible Investing Manager - Clima... | ||
| London/Hybrid - Negotiable | ||
| Quant Strategist | ||
| London/Hybrid - Negotiable | ||
| Multiple remote longevity contracts | ||
| Fully remote - Negotiable | ||
| Multiple remote inflation hedging con... | ||
| Fully remote - Negotiable | ||
| Play a vital role in shaping a new He... | ||
| London or Scotland / hybrid 50/50 - Negotiable | ||
| Support the Longevity team of a globa... | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| Delve into financial risk within a ma... | ||
| Wales / South West / hybrid 1dpw office-based - Negotiable | ||
| Project-based Life Pricing Actuarial ... | ||
| South West / hybrid 2 dpw office-based - Negotiable | ||
| Pricing Actuary | ||
| London - £120,000 Per Annum | ||
| Develop your career in motor pricing | ||
| UK-wide / hybrid 2 dpm office-based - Negotiable | ||
| Experience real career growth in home... | ||
| UK-wide / hybrid 2 dpm office-based - Negotiable | ||
| Be at the cutting edge of technical p... | ||
| UK-wide / hybrid 2 dpm office-based - Negotiable | ||
| Use your passion for innovation and t... | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.
Copyright © 2026 Actuarial Post. Created by Zero-One Design Ltd
