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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. |
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| CONTRACT (12 months): Underwriter | ||
| Fully remote - Negotiable | ||
| CONTRACT (12 months): Senior Underwriter | ||
| Fully remote - Negotiable | ||
| MI Manager | ||
| UK South West / hybrid 2 days in the office - Negotiable | ||
| Senior MI Analyst | ||
| UK South West / hybrid 2 days in the office - Negotiable | ||
| LONDON MARKET CONTRACT: Capital Model... | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Senior M&A Actuary | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Market-leading Pricing | ||
| South East or Scotland / hybrid 2 dpw in the office - Negotiable | ||
| Longevity Actuary | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| Senior Pensions Administrator | ||
| Flex / hybrid - Negotiable | ||
| Senior Portfolio Analyst | ||
| London - £70,000 Per Annum | ||
| Reserving Actuary | ||
| London - £100,000 Per Annum | ||
| Senior Pricing Actuary - Personal Lines | ||
| London - £130,000 Per Annum | ||
| Senior Manager | ||
| London - £150,000 Per Annum | ||
| Pricing Actuary - Longevity Swaps | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Senior Reinsurance Pricing Actuary | ||
| London - £200,000 Per Annum | ||
| P&C Senior Manager | ||
| London - Negotiable | ||
| Senior Reserving Analyst | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Deputy Head of Pricing | ||
| London - £150,000 Per Annum | ||
| BPA Implementation Analyst | ||
| North-West / hybrid 2-3dpw office-based - Negotiable | ||
| Pricing Actuary – London Market | ||
| London / Hybrid - Negotiable | ||
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