Aegon partners UBS for bespoke annuity service

After announcing its intention to enter the market in May last year, alongside Paternoster, Synesis Life and AIG, Aegon launched its offering in November 2006. The current proposition is aimed at small and medium schemes. However, the new joint proposition, UBS Aegon Affordable Risk Transfer Solution, will offer a bespoke service rather than a traditional investment or pension buy-out proposition to companies with pension liabilities in excess of £300m. Aegon says it received approaches from UBS to provide this service for its integrated risk management proposition after it realised the i...