Aegon UK

The Scottish Equitable Life Assurance Society was founded in Edinburgh in 1831 and in 1861 it began paying out its first pension to a customer.

In 1994, the company became Scottish Equitable plc with Aegon N.V. buying a 40% stake in the business. Aegon NV increased that stake to 100% by 1998.[1]

In 2006 Scottish Equitable plc was rebranded as Aegon Scottish Equitable and in 2009 this was shortened to Aegon, although the legal entity is still Scottish Equitable plc.[2]

Aegon acquired Cofunds, a UK based investment and administration service in 2016.[3]

In May 2016 Aegon announced that it would acquire BlackRock's UK defined contribution platform (including Master Trust) and administration business, with the transfer completing in 2018.[4] The Master Trust was authorised by The Pensions Regulator in September 2019.[5]

Aegon is a financial services provider with products designed for individual and business customers. Its products are available through financial advisers. It offers a range of pensions, individual savings accounts (ISAs), life insurance and investment products for individual customers. It offers workplace pensions, a Master Trust and insurance for business customers.

In the UK, Aegon has over 3 million customers.[6]

Aegon has around 3,000[7] UK employees working from offices in Edinburgh, London, Lytham St Annes, Peterborough and Witham.[8]

It offers employees career opportunities including graduate apprenticeships while working.[9]

Executive committee

Chief Executive Officer, Adrian Grace, appointed 2011 (retiring March 2020)

Chief Executive Officer Designate, Mike Holliday-Williams, appointed 2019

Chief Financial Officer, Stephen McGee, appointed 2016

Chief Risk Officer, Jim Ewing, appointed 2014

Management team

Managing Director - Digital Solutions, Mark Till, appointed 2016

Managing Director - Existing Business, Dougy Grant, appointed 2016

Managing Director - Transformation, Innovation and Growth, Ed Dymott, appointed 2018

Chief Distribution Officer, Ronnie Taylor, appointed 2018

Chief Internal Auditor, Alison Morris, appointed 2019

Chief Technology Officer, Nick Rodway, appointed 2019

Human Resources Director, Gill Scott, appointed 2010

General Counsel and Company Secretary, James Mackenzie, appointed 2012

From 2009 to 2017, Aegon was the Lead partner of British Tennis, supporting all levels of players from grass roots to professional events. It also sponsored the National Fed Cup and Davis Cup teams, with the Aegon GB Davis Cup Team becoming world champions in 2015 – the first time a GB team had won in 79 years.[10]

In 2019 Aegon was a sponsor for Pride Edinburgh and Essex Pride events.

In 2007, Aegon started a Breakfast Club to provide children with a free, healthy and nutritional start to the day. Working with Edinburgh local councils, they identified schools with the greatest need, and currently fund over 1,000 breakfasts a week, to participating schools.

Aegon has its own charity committee, which supports nominated local charities and a national charity, as voted for by its staff, each year.

In 2018 it raised £84,257 for its nominated local charities.[11]

• Official website
• Documents and clippings about Scottish Equitable in the 20th Century Press Archives of the ZBW