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Aegon is poised to make final IFA deals as it scales back from

Aegon UK is set to buy the last of its majority stakes in IFA firms

in the next two weeks and then will close its search for new

businesses.

This will be the fifth purchase for Aegon UK Distribution company,

which has scaled down its acquisition strategy from an original

target of 10 majority stakes set last September. It owns full or

majority stakes in Advisory & Brokerage, Momentum, Positive

Solutions and Wentworth Rose.

Aegon says its acquisition strategy is to take stakes in specialist

IFAs with expertise in areas such as technology, professional

connections, protection and employee benefits but it is missing an

IFA with an offshore specialism.

One insider tips IFA and asset management company London &

Capital as a front-runner to be Aegon&#39s next purchase.

Other possible targets include IFAs Park Row, Ashley Law and Towry

Law &#39s offshore section Towry Law International. A Towry spokesman

says it has no plans to sell any core areas of its business.

Aegon&#39s buying strategy has been a “three-pronged attack” based on

total acquisition, purchase of large and minority stakes.

Aegon head of public affairs Scott White says: “There are aspects of

the London & Capital business we would be interested in but our

strategy for outright purchase is centred on whole IFA entities as

well as niche-focused organisations.”

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