You may have seen recent media coverage announcing that Standard Life has agreed to acquire Aegon UK, including Origen Financial Services, in a transaction valued at £2 billion. The transaction is expected to complete towards the end of 2026, subject to the usual regulatory approvals.
We want to reassure you that this is positive news and does not require any action from you.
What this means in practice
- Your existing Aegon UK policies and investments remain in place. There is nothing you need to do as a result of this announcement.
- The advice and service you receive will continue as normal. Until the transaction completes (and following completion) day-to-day servicing and policy terms are expected to continue in line with existing arrangements.
- Aegon will remain involved as a strategic partner. As part of the transaction, Aegon will retain a minority shareholding in Standard Life (15.3%) and will continue as an asset management partner for the combined business.
A strong and stable future
The combination of these two highly complementary businesses supports Standard Life’s ambition to become the UK’s leading retirement savings and income provider, with shared values and a strong focus on helping customers achieve better financial outcomes in later life.
The enlarged group is expected to serve around 16 million customers, with approximately £480bn of assets under administration, and will benefit from greater scale across workplace, retail pensions and investments, alongside enhanced digital, advice and distribution capabilities.
Independent ratings agency Fitch has also confirmed that Standard Life’s ‘strong financial position’ remains intact following the announcement.
We’re here if you need us
We’ll continue to monitor developments and share any relevant updates as the transaction progresses. In the meantime, if you have any questions or would simply like further reassurance about how this affects you, please don’t hesitate to get in touch.
CA13443 Exp:04/2027
