This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.

Aegon completes £275m Guardian sale

  • Print
  • Comment

Aegon has completed the £275m sale of its UK-based Guardian life and pension business to European private equity group Cinven.

Guardian, which manages over 300,000 life insurance policies in the UK, has been closed to new business since 2001.

Aegon Asset Management will continue to manage Guardian’s assets, which are worth £7.4bn.

Aegon UK chief financial officer Clare Bousfield says: “Completing the sale of Guardian marks an important step forward as we move into the next chapter of Aegon UK’s development, and focus our business on the opportunities presented by RDR and pensions reform.”

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick


Do you see the value in adviser trade bodies?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments