News · 15 April 2026
Standard Life buys Aegon UK for £2bn
M.Minderhoud via Wikimedia Commons (CC BY-SA 4.0)
The acquisition will create the biggest UK business for pensions and savings, managing £480bn in holdings for about 16 million people. Standard Life, previously named Phoenix Group, sealed the deal for Aegon UK, a major investment platform in the country. The company anticipates a £160m annual profit rise and projects around £400m in extra cash across five years.
Reported by City AM · How we write briefs