Aegon UK has today completed the transfer of Nationwide Building Society’s financial planning service into the business. This will see more than 300 new jobs at Aegon UK and the creation of a new service, Aegon Financial Planning.
This extension to the existing strategic partnership between Aegon UK and Nationwide Building Society was announced in August 2023 and is a significant step forward for Aegon’s ambition to become the leading digital platform in the UK.
Sitting within the governance of Origen, a wholly owned subsidiary of Aegon UK, this new service will provide dedicated ongoing support for Nationwide customers around investment products.
Aegon UK has been the trusted investment partner for Nationwide customers since 2016 and will continue to be the ISA and General Investment Account provider of choice for all Nationwide customers, with the responsibility for the ongoing financial planning needs of around 90,000 customers and £5 billion of assets.
Mike Holliday-Williams, CEO of Aegon UK, commented:
“It gives me great pleasure to welcome more than 300 new skilled and experienced colleagues to Aegon UK.
“We’re extremely positive about this new business service, and the scale of the strategic move which is energised by the £5 billion volume of assets under advisement.
"The completion of the transfer marks a significant step in Aegon’s strategy to be the leading digital platform in the UK, driving forward our pension and investment propositions in our key Retail and Workplace markets for the benefit of all of our customers, advisers and employers.
“Our customers can be secure in the knowledge that Aegon UK is committed to providing them with the support they require to look after their immediate and long-term financial wellbeing.”
Tim Orton, Chief Executive of Origen, said:
“Since announcing the extension of our strategic partnership in August 2023, we have been working to ensure a smooth transition and continuity of service for our Nationwide customers, and I’m delighted to welcome our new colleagues as we embark on the next part of this journey.
“The addition of Aegon Financial Planning acts to complement our existing Corporate, Wealth and Private Client services, ensuring all our customers can access effective advice to help them build a brighter financial future.”
About Aegon
In the UK, Aegon offers pension and investment solutions to over 4 million customers. Aegon employs over 2,000 people in the UK and together with around 600 people employed by Atos, we serve the needs of our customers. Figures correct as at 31/12/2022. More information on aegon.co.uk
Aegon UK is part of the wider Aegon Group, based in the Netherlands, whose roots go back to the first half of the nineteenth century. Aegon is an international financial services holding company. Aegon’s ambition is to build leading businesses that offer their customers investment, protection and retirement solutions. Its portfolio of businesses include fully owned subsidiaries in the US, UK and a global asset manager. In addition, Aegon has partnerships in Spain & Portugal, Brazil and China, which create value by combining strong local partners with Aegon’s international expertise. In the Netherlands, Aegon generates value via a strategic shareholding in a market leading insurance and pensions company.
Aegon’s purpose of helping people live their best lives runs through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion & diversity. Aegon is headquartered in The Hague, the Netherlands, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com
The information in this press release is intended solely for journalists and shouldn’t be relied upon by any other persons to make financial decisions.