Aegon started life as Scottish Equitable

We’ve been helping people take responsibility for their financial future since 1831 when Scottish Equitable was founded in Edinburgh.

Today we’re part of Aegon N.V.(Opens new window), an international provider of life insurance, pensions and asset management.

We provide retirement, workplace savings and protection solutions to over 3.8 million customers in the UK, helping them create the tomorrow they want.

Over the years, we’ve evolved our brand. We’ve combined our strong UK heritage with Aegon’s global strength, while staying steadfastly committed to our original purpose; to help people achieve a lifetime of financial security. 

Our journey from Scottish Equitable to Aegon

Our journey from Scottish Equitable to Aegon


Scottish Equitable was founded in Edinburgh, our headquarters are still in Edinburgh today with additional offices in London and Lytham St Annes, Witham, Manchester and Peterborough.

1831 documents


Mr Christie became the first pensioner to receive a Scottish Equitable pension. Today we have over 3.8 million customers in the UK (as at 31/12/2020).


Fanny Murray was the first woman employed by Scottish Equitable, holding the position of lady typist.

Underwood Standard Number 6 Typewriter


In 1899, we outgrew our original offices and Scottish Equitable moved to prestigious new offices in St Andrew Square, Edinburgh. Today we’re based in Edinburgh Park, Edinburgh.

Original Scottish Equitable offices in St. Andrews Square, Edinburgh


Our assets passed £6 million for the first time, today we're part of a global group that looks after over 920 billion EUR of our own and our customers' investments(Opens new window) (as at 31/12/2020). 


At the outbreak of the war, we moved all of our records to Inverness for safe-keeping until it was safe to return them to Edinburgh. Security of our data is even more important today, that’s why Aegon has a network of secure data centres to make sure the information our customers trust us with is held safely until it’s needed.


We bought our first computer and, just over 50 years later, we launched Retiready(Opens new window) - a cutting-edge retirement planning service that’s accessible on computers, tablets, and smartphones.

Illustration depicting the development of computers


Scottish Equitable plc was created and Aegon N.V. took a 40% stake.


We moved to our current home in Edinburgh Park, Edinburgh.

Our new offices at Edinburgh Park under construction prior to 1996

Our new offices at Edinburgh Park under construction prior to 1996.

They opening of the new Edinburgh Park office building in 1996

The opening of the new Edinburgh Park office building in 1996.


Aegon N.V. increased their stake in Scottish Equitable to 100%.


Aegon UK set-up as a holding company and Guardian Life and Pension was acquired.


In the same year we celebrated our 175th birthday, we started using the Aegon Scottish Equitable name.

Aegon Scottish Equitable logo


We started to re-branded ourselves as Aegon in the UK, giving our customers the re-assurance of global strength and expertise on top of our proud heritage in the UK.

Aegon Scottish Equitable logo

We became the first-ever Lead Partner of British Tennis. In the same year, British Number one, Andy Murray, became the first British player to win the Aegon Championships at the historic Queen's Club, since 1938.

Andy Murray British number one wins the Aegon Champioonship in 2009
2015 Davis Cup winning British Tennis Team


BBC viewing figures peaked at 4.2 million for the Aegon Championships final between Andy Murray and Marin Cilic.


We launched Retiready(Opens new window), giving people the opportunity to take control of their own pension planning. At the same time, we introduced the Retirement Score(Opens new window) which allows everyone to find out how prepared they are for the retirement they want.


The Aegon GB Davis Cup Team beat Belgium in the final of the Davis Cup by BNP Paribas to become World Champions and, in its first year as an ATP World Tour 500 series event, the players voted the Aegon Championships their Tournament of the Year.


We announced an agreement to acquire BlackRock’s UK defined contribution platform and administration business, strengthening our position as a leading player in the UK workplace savings market.


From 2009-2017, we were the Lead Partner of British tennis. During this time, we supported tennis at all levels from grass roots and junior development through to amateur and professional events, major grass court tournaments and the national Davis Cup and Fed Cup teams. We’re proud to have left a strong legacy for both the sport and our brand.

Aegon tennis sponsorship 2009 - 2017

On 1 January 2017, Cofunds and IPS, the UK’s largest investment administration service, became part of Aegon. By combining the scale and experience of Cofunds and IPS, with the innovation, financial strength and product knowhow of Aegon, we aim to provide even better support for customers, advisers, and employers.

Aegon and Cofunds logos


On 3 July 2018 the transfer of the BlackRock’s UK DC platform and administration business to Aegon completed, and we now offer the Aegon Master Trust – a full-service defined contribution (DC) solution that offers simplicity and convenience with all the governance advantages of a trust-based pension scheme.


In May, we saw the final stage of our Cofunds and IPS integration completed and then in September we celebrated The Aegon Master Trust receiving authorisation from the Pensions Regulator.

2019 also brought the important introduction of Environmental, Social and Governance (ESG) funds. Our TargetPlan pension default fund offers this option for workplace savers.

And after a momentous 10 years at Aegon, our UK CEO, Adrian Grace announced his retirement in March 2020. Since then, Mike Holiday-Williams has joined us as our current UK CEO.