{"id":399511,"date":"2026-04-15T09:54:07","date_gmt":"2026-04-15T09:54:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/399511\/"},"modified":"2026-04-15T09:54:07","modified_gmt":"2026-04-15T09:54:07","slug":"standard-life-buys-aegon-uk-for-2bn","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/399511\/","title":{"rendered":"Standard Life buys Aegon UK for \u00a32bn"},"content":{"rendered":"

Standard Life has struck a cash-and-share deal to buy the UK business of Dutch financial group Aegon for \u00a32 billion.<\/p>\n

Following the completion of the deal, the FTSE 100 pension and savings group will have 16 million customers and \u00a3480 billion of assets under administration.<\/p>\n

Standard Life, formerly known as Phoenix Group, will pay \u00a3750 million in cash for the business and issue 181.1 million new shares to Aegon. Shares in Standard Life rose 0.6 per cent to 719p on Wednesday.<\/p>\n

Aegon<\/a> will be the largest shareholder in Standard Life, with a 15.3 per cent stake, and will be entitled to appoint one non\u2011executive director to the group\u2019s board.<\/p>\n

Royal Bank of Canada, Barclays, and Lloyds Banking Group had all been linked with a bid for Aegon\u2019s UK division, which was put up for sale late last year as part of a wider restructuring that will see Aegon move its headquarters to the US and rebrand as Transamerica.<\/p>\n

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Andy Briggs, chief executive of Standard Life, said: \u201cOur agreement to acquire Aegon UK significantly accelerates our vision to be the UK\u2019s leading retirement savings and income business.\u201d<\/p>\n

Phoenix acquired Standard Life\u2019s insurance business from what was Standard Life Aberdeen in 2018 and announced plans to rebrand itself as Standard Life<\/a> last year.<\/p>\n

Standard Life operates under a number of brands, including Sun Life, Reassure, and Phoenix Life.<\/p>\n

Lard Friese, chief executive of Aegon, said: \u201cThe businesses are complementary and the combination offers an excellent outcome for Aegon UK\u2019s customers and colleagues.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Standard Life has struck a cash-and-share deal to buy the UK business of Dutch financial group Aegon for…\n","protected":false},"author":2,"featured_media":399512,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[72,176,61,60,174,175],"class_list":{"0":"post-399511","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-ie","11":"tag-ireland","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/399511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=399511"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/399511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/399512"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=399511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=399511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=399511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}