Why is Aegon Ireland being sold?

In relation to Aegon Ireland policies only

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Here we aim to answer any questions you may have on the sale of Aegon Ireland.

Aegon NV has agreed to sell Aegon Ireland plc to AGER Bermuda Holding Ltd .The transaction is subject to normal regulatory approvals and we expect this to close in the first quarter of 2018.

  • The sale of Aegon Ireland plc is a strategic decision. The transaction is consistent with Aegon’s stated strategic objective to optimise its portfolio.
  • Aegon NV continuously make assessments of its businesses based on various elements including growth potential, earnings, sales and capital generation. Based on all the elements, it has been decided a change in ownership is in the best interest of all stakeholders.
  • This is the right moment for all parties involved to take this step. 
  • Aegon Ireland will transfer to new ownership in the coming months. This is subject to regulatory approval.
  • We’re looking forward to working with the new owners to understand their vision for the business and the opportunities that may come from this.
  • We’ll continue to publish business updates to our website  and where appropriate will contact you directly.

We’re looking forward to working with the new owners to understand their vision for the business and the opportunities that may come from this.

  • There are no immediate changes to WMP because of this announcement.
  • We’ll continue to publish business updates to our website. 
  • We’re looking forward to working with the new owners to understand their vision for the business and the opportunities that may come from this.
  • There are no changes to your bond or plan.
  • You won’t need to make any changes or take any action in relation to your bond or plan as a result of this announcement.
  • We’ll continue to service our existing customers and advisers and provide the same level of post-sale service.
  • We’ll keep you updated on developments within the business, on our website or by contacting you directly.

We’ll continue to honour quotes in line with our standard business processes.

The transaction is subject to normal regulatory approvals. We expect this to close in the first quarter of 2018.

  • There are no changes to your bond or plan.
  • You won’t need to make any changes or take any action in relation to your bond or plan as a result of this announcement.
  • We’ll continue to service our existing customers and advisers and provide the same level of post-sale service.
  • You’ll also continue have access to our online services.
  • Our contact details remain the same

General post-sale servicing questions

Phone:
08456 000 173(from the UK)
00 353 1 673 8840 (from outside the UK)

Fax:
00 353 1 673 8940

Address:
Aegon Ireland plc
2nd Floor
IFSC House
Custom House Quay
Dublin 1
D01 R2P9

New business applications (to be submitted by financial advisers only)

Aegon Ireland New Business
c/o Aegon UK
Edinburgh Park
Edinburgh
EH12 9SE

  • The deal/transaction is a transfer of ownership between Aegon and AGER Bermuda Holding Ltd. It doesn’t represent a material gain/difference for your bond or plan and it doesn’t affect your existing bond or plan.
  • Existing policyholders aren’t affected and will continue to enjoy the benefits that the Aegon Ireland products offer.