View more on these topics

Aegon sells pensions administration business to Goddard Perry

Aegon UK has agreed to sell its third party pension’s administration business to corporate consultants Goddard Perry.

Aegon’s third party pensions administration business is based in Daresbury, Cheshire, and has 82 members of staff. The business provides pensions administration and data management services to occupational defined benefit and defined contribution pension schemes.

On September 28, Aegon announced that it was to close the business as it was no longer core to its development strategy. Goddard Perry approached Aegon and the Dutch firm says the sale offers stability and continuity of service to customers and better long-term prospects for employees within the business.

Goddard Perry offers a range of products and adviser to corporate clients. The firm also has an independent financial advisory division.

The terms of the deal have not been disclosed however the company will be rebranded as HS Administrative Services and will be known as HS Admin.

Aegon UK chief operating officer Adrian Grace says: “We announced last month that the third party pensions administration business was no longer core to our UK development strategy. We have now agreed terms with Goddard Perry which make sense for AEGON, provide continuity for customers and bring brighter long-term prospects for employees at the Daresbury site.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm