 |
|
 |  |  |  |
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. |
|
|
|
| Lead Personal Lines Analyst | ||
| London / South Coast / hybrid - Negotiable | ||
| Strategic Pricing | ||
| London / Hybrid - Negotiable | ||
| Senior Pricing Analyst - Personal Lines | ||
| South Coast / hybrid - Negotiable | ||
| Business Development in Investment | ||
| London / hybrid (3 dpw office-based) - Negotiable | ||
| Financial Lines Pricing Manager | ||
| London / hybrid - Negotiable | ||
| Commercial Lines Pricing | ||
| London / South Coast - Negotiable | ||
| Head of Portfolio Management | ||
| London - £200,000 Per Annum | ||
| Investment Manager (FIA or CFA) | ||
| Flex / hybrid - Negotiable | ||
| Head of Actuarial Reporting (Life) | ||
| South East / hybrid 3dpw office-based - Negotiable | ||
| CONTRACT: London Market Capital Actuary | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Portfolio Manager | ||
| Hybrid - Negotiable | ||
| Pricing Assurance Manager | ||
| London - £145,000 Per Annum | ||
| Actuarial Director with BD and CatMod... | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Pensions data expert: buy-out/residua... | ||
| Any UK Office location / Hybrid 2dpw office-based - Negotiable | ||
| Senior Portfolio Manager | ||
| London - £150,000 Per Annum | ||
| Senior Pensions Trustee Actuarial Con... | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Shape the future of the pensions in... | ||
| UK Flex / hybrid 2dpw office-based - Negotiable | ||
| Challenge the pensions industry! | ||
| UK Flex / hybrid 2dpw office-based - Negotiable | ||
| Actuarial Pricing Manager - Non-life | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Senior Pricing Actuary | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.
Copyright © 2025 Actuarial Post. Created by Zero-One Design Ltd
