Some of Britain’s biggest savings and insurance groups are expected to take an early look at Aegon’s UK business, which has been pushed into a strategic review as the Dutch group prepares to rebrand as Transamerica and shift its centre to the US.
Panmure Liberum flags a broad field of potential bidders. Phoenix Group, Aviva, Royal London, M&G and Lloyds Banking Group PLC are all seen as plausible trade buyers.
Legal & General is mentioned but viewed as a less likely participant. Private equity-backed operators are also expected to weigh up an offer.
The prize on offer is a substantial platform franchise. Aegon UK specialises in capital-light workplace and adviser-led savings, with £124 billion of assets under administration in those core segments and £226 billion across all UK activities.
The business delivered operating profit of £167 million and net income of £56 million in 2024, and still carries some legacy books.
Depending on how the business is carved up, analysts think it could fetch between about £1.5 billion and £3 billion.
Even the lower end of that range would mark one of the larger recent transactions in the UK long-term savings market, offering the winning bidder instant scale.
Aegon confirmed the strategic review, including a possible disposal, at its capital markets day in London, where it also unveiled plans to take the Transamerica name across the group.
Just a reminder to all, that $PHNX goes ex-dividend tomorrow.
dariogold
9 miesięcy temu
Is phoenix worth it for dividend ?
Thinking about adding Phoenix Group (PHNX), but not sure it’s worth it when Legal & General (LGEN) offers a higher yield-on-cost with arguably stronger long-term safety. Phoenix looks good for immediate income, but carries more risk with its legacy books. LGEN feels like the sturdier anchor for a forever dividend portfolio. What do you guys think — is Phoenix a good complement, or better to just load more LGEN?
Deepinwaiting
10 miesięcy temu
H1 2025 results
TronaldDump
10 miesięcy temu
Interesting read - popularity of annuities increasing
9.33% impressive! How longs it been at that percentage for?! Might have to add to my portfolio!
fynnk12
w zeszłym roku
Opinions
Thinking of getting into this stock?
Do you guys think this is a too high price for first investment or still get in now ?
Iceberg22
w zeszłym roku
What just happened?
Bad news and it jumps up??
Marchev
w zeszłym roku
Average 499
Finally got my AVG under 500 what is yours ?
Marchev
w zeszłym roku
UK insurers
What's going on with UK stocks? Aviva,MG, Phoenix? Anyone else loading them ?
ADHDbiker
2 lata temu
Pay Day
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Simple and easy to use. Nice to see the daily interest added on as well.
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Best platform for ISAs of all kinds
I have both stock and share and cash ISA with T212. The platform is a breeze to use, transactions within the accounts and between internal and external accounts are a breeze.
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Very good app. Easy to see the status of my savings and interest. Feel like they’re responsible well run company
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Great starting interest rate making this a fantastic way to save coupled with an intuitive and easy to use app interface making saving easy to understand
Great starting interest rate making this a fantastic way to save
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Great from start to finish
My account was set up and the funds transferred seamlessly.
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They offer a slick service although I…
They offer a slick service although I could have done with some instructions on how to navigate their app but maybe that’s just me.
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Easy to track my cash ISA
Easy to track my cash ISA - daily updates on interest.
Great intro deal on ISA interest.
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Competitive interest rates easy to…
Competitive interest rates easy to access website and pay out efficient and quick.
All in all convenient company to deal with.
Very satisfied.
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The Cash ISA is easy to use
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Just love it, have done from day one !
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Very prompt and helpful advice from online staff with any issues.
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Be smart with money
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Easy to deposit
Easy to deposit, acct updates quickly, monthly interest, easy access
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Convenient and responsive App and great…
Convenient and responsive App and great interest ratea
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Very easy to track what is happening…
Very easy to track what is happening with your investment. Website easy to negotiate on initial set up and the app has all the info you need.
Interest rate good for 1st year, I’ll see what is available after that.
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Really easy and simple to use and quick…
Really easy and simple to use and quick transfers when needed
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Seamless performance and user-friendly…
Seamless performance and user-friendly interface. Would definitely recommend to those who are planning to start their investing journey.
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Simple & Easy
I find the app very easy to use.
Very simple. Would reccomend this way of saving to others.
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