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.”