View more on these topics

Business down at Aegon UK

Aegon UK&#39s investment and international business fell over the first six months of this year despite strong sales at Scottish Equitable.

ScotEq sales rose by 31 per cent to £290m from £221m in equivalent premium income, including more than a 1,000 new stakeholder schemes.

But Aegon Asset Management lump-sum investment sales fell by 13 per cent to £170m from £195m. Assets under management remained unchanged at £34bn on the same period last year.

ScotEq International&#39s single-premium business also fell by 27 per cent to £103m from £141m.

Total new business figures for the Aegon UK group rose by 24 per cent to £327m from £263m.

Aegon UK chief executive David Henderson: “Aegon Asset Management is only in its third year of existence and in its first year under its new identity. We have made significant efforts to develop our institutional business.”


Skipton Guernsey – 5 Year Guaranteed Growth Bond

Thursday, 16 August 2001.Type: Offshore guaranteed growth bond.Aim: Growth linked to FTSE 100 index. Minimum investment: Lump sum £5,000.Place of registration: Guernsey. Investment split: 100 per cent in growth bond.Guarantee: Capital returned in full at end of term along with 26 per cent growth regardless of movement in index.Isa link: No. Charges: None. Commission: None.Tel: […]

Pavilion Asset Management – Pavilion Geared Recovery Trust

Wednesday, 15 August 2001.Type: Split Capital Investment Trust.Aim: Growth by investing in recovery shares and income shares of other split capital investment trusts.Minimum investment: Subject to negotiation with stockbroker.Maximum investment: Subject to negotiation with stockbroker.Investment split: Recovery shares 60 per cent, income shares 40 per cent.Types of share: Ordinary, zero-dividend.Isa link: Yes.Pep transfers: Yes.Redemption date: […]

Manchester brings in permanent discount

Manchester Building Society is looking to the future with the introduction of the permanent discount mortgage.The mortgage has a 0.6 per cent discount for the life of the loan. This gives it an in initial rate of 6.4 per cent for loans of up to 85 per cent of valuation. Employed applicants must have been […]

Proportion of upheld pensions complaints down

The Pensions Ombudsman Dr Julian Farrand today publishes his report for the year ending 31 March 2001, the last of his seven year tenure ending on 31 August 2001.The report identifies continuing high productivity of over 600 cases investigated and determined in a reduced average time of under 5 months per case an unrelated drop […]


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