Aegon CEO warns of EU exit ahead of Solvency II

Laura Miller
clock

Aegon could relocate outside the European Union (EU) to stay competitive with global rivals once Solvency II comes into force, its CEO warns.

Alex Wynaendts told a conference in London yesterday the demands of the European-wide capital regime risks making the EU a less attractive base for the insurer's business. Aegon's CEO told delegates he is in talks with regulators to ensure a "level-playing field" with global providers, but says exiting Europe is another option open to the insurer, Reuters reports. "We are saying to our regulators if we want to be able to compete globally, we have to make sure there is a level playing field. "One option is of course changing our business model but I don't think that is the only opti...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Tackling the biggest challenge facing financial services in the UK

Tackling the biggest challenge facing financial services in the UK

'Trust in financial services is slipping'

Professional Adviser
clock 04 March 2026 • 4 min read
'No news is good news': Spring Statement stability welcomed

'No news is good news': Spring Statement stability welcomed

‘This was a low-key event, especially for pensions’

Jenna Brown
clock 03 March 2026 • 4 min read
FCA opens targeted support authorisation gateway

FCA opens targeted support authorisation gateway

Firms can now apply for permission to provide targeted support

Isabel Baxter
clock 02 March 2026 • 2 min read