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Aegon takeover

huw01
huw01 Posts: 514
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in Pensions, annuities & retirement planning

For info

https://uk.finance.yahoo.com/news/standard-life-strikes-2bn-deal-072550360.html

Comments

  • dunstonh
    dunstonh Posts: 121,953
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    Phoenix have done very well over the years to end up where they are now.

    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • XzavierWalnut
    XzavierWalnut Posts: 314
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    https://forums.moneysavingexpert.com/discussion/6664771/aegon-takeover

    Thanks for the information. I am with Aegon and not heard anything about this.

  • Albermarle
    Albermarle Posts: 32,826
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    https://forums.moneysavingexpert.com/discussion/comment/81968600#Comment_81968600

    As I understand it, Phoenix normally bought closed books, but with the SL retail book, they decided to continue to operate it as a live/active provider, which was a change of strategy.

    Obviously it seems to be working.

    Also I note many 'complaints' on here about Aegon having clunky systems, whilst my own experience with SL has been pretty good. Website is good and well laid out. Previously at least customer service response was good but have not tested it for a while. Not the cheapest, but not too bad if you enjoy a previous employer discount.

  • poseidon1
    poseidon1 Posts: 3,783
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    I have a large GIA holding of Aegon's Diversified monthly income fund (defensive high income multi assets), so very much hoping this takeover will not mean the lead fund Manager getting itchy feet and going elsewhere.

  • dunstonh
    dunstonh Posts: 121,953
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    https://forums.moneysavingexpert.com/discussion/comment/81969839#Comment_81969839

    Phoenix/Standard Life is buying the Life and Pensions book. Not the fund management book.

    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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