
Standard Life acquires Aegon UK for £2.0bn
The deal will create the UK’s largest retirement savings and income business, covering 16 million customers with around £480bn in assets under administration.

The deal will create the UK’s largest retirement savings and income business, covering 16 million customers with around £480bn in assets under administration.

Nick Roy, commercial director of workplace at Aegon, said: “We’re pleased with the progress, and this is only the beginning.”

The new video campaign adds to the existing personalised video summary, which shows members a real-time picture of their pension savings.

Younger adults were more likely to postpone, saying preparation isn’t necessary yet and feeling unsure how to begin.

In its response to the FCA consultation CP25/39, Aegon UK said the proposed changes should wait until wider Government pension consolidation work is rolled out.

Aegon’s Money:Mindshift found 54% of workers believe a dream job is realistic and 58% said achieving it was important, but only 12% said they had reached it.

The new interactive experience, developed with Waracle, lets users create a digital postcard showing where they could spend their retirement.

Pension saving was a top-three priority for 12%.

From summer 2026, Aegon LifePath will invest in a wider range of asset classes including global private markets, protected equities and multi-asset credit.

Steven Cameron, Pensions Director at Aegon, said the decision represents a significant increase in the overall tax burden, despite no rise in headline rates.

Funds will support UK companies in areas such as clean energy, fintech and medical technology, aiming to create skilled jobs across the country.

Aegon UK has become the first DC provider to incorporate three Long-Term Asset Funds into a workplace default, giving more than 700,000 members access to private market investments.
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