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Aegon aims for 35% boost in two years

Aegon plans to increase its value of UK new business by 35 per cent to £213m by 2010 from the present level of £157m.

Speaking at a conference ion London this week on the company’s strategic growth plans, chief executive Alex Wynaendts said Aegon is planning to create a single global organisation for its asset management activities, grouping together its UK, US and Dutch businesses.

The firm is also aiming to become a leader in variable annuities across Europe.

Andrew Fleming, who is currently chief executive officer of Aegon UK asset management, has been appointed head of European asset management.

Wynaendts said: “Today’s global environment requires us to think and act differently. We will make better use of our capital, improve our financial performance and organise the management of Aegon to focus on the global opportunities.”

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