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Aegon UK : two new appointments and a new focused structure to drive growth

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Aegon UK is putting in place a new structure that will allow it to focus on developing long term relationships with its customers and grow the business.

Aegon UK needs to align itself correctly in the intermediary retail market to generate new business and encourage advisers to make the cultural change needed to succeed post-RDR.

In addition; to achieve success in the workplace savings market, and to take advantage of auto-enrolment opportunities, Aegon UK needs to become a leading partner of Employee Benefit Consultants (EBCs) and Corporate IFAs.

In order to properly align all future activity to these critically important channels, Aegon UK is pleased to announce the creation of two new Managing Director roles, focussed on the retail market and the workplace savings market.

Duncan Jarrett has been appointed to the role of Retail Managing Director. Building on the successful launch of the Aegon Retirement Choices platform, Duncan’s team will support advisers through business model changes and focus on the retail intermediary market, protection and all other opportunities not primarily focussed on the workplace.

Duncan has been with Aegon working with financial advisers for over 26 years and his expertise in relationship building and focus on his customers makes him the perfect choice for this role. He will now use these skills to grow the retail intermediated side of the business with the support of a dedicated management team.

Angela Seymour Jackson takes on the role of Workplace Managing Director. Her team will focus on strategic corporate accounts. The team will also develop a strong ‘Bids and Tenders’ capability to continue to build on Aegon UK’s successes in this vitally important area going forward.

Angela joined Aegon UK in May 2012 from the RAC where she was CEO and led the sale from Aviva to Private Equity. She also developed new partnerships and diversified distribution in her role as Distribution Director of both the Life and Investment and General Insurance businesses at Aviva.

Commenting on the new appointments, Adrian Grace, CEO of Aegon UK said:

“Looking to next year and beyond, there are tremendous opportunities for a life and pensions provider that aligns itself properly to provide exceptional service to its distribution partners and focuses its efforts on the needs of its customers.

I am confident that we now have the best structure, with the very best talent leading the organisation, to ensure Aegon UK becomes a true market leader in our chosen markets of At Retirement and Workplace Savings.

I can think of no two people better suited to these roles than Duncan and Angela. I look forward to working with them closely as we identify and build on new and exciting opportunities for Aegon UK.”

There will be no redundancies as a result of the new structure.

Both Duncan and Angela will sit on Aegon UK’s Insurance Executive committee board.