Aegon Group has today announced it has agreed to sell the Aegon Ireland plc business to AGER Bermuda Holding, subject to successful completion of the negotiations and the normal regulatory approvals.
Aegon Ireland provides both offshore bonds and re-insurance for guaranteed products offered by Aegon UK. All customer guarantees provided now and in the future by Aegon UK will remain in force – the sale does not affect this.
There are no immediate changes to the offshore bond product offering as a result of this announcement. Aegon UK will continue to support existing Offshore bonds provided currently by Aegon Ireland.
Therefore if you have an existing AEGON Offshore Investment there is no need to worry as we have no concerns for our clients over this announcement.
If you have any questions then please consult your usual MFP consultant.