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

Advice firms report that around four in ten clients are vulnerable - MorganAsh

Advice firms report that around four in ten clients are vulnerable - MorganAsh

Data from the MorganAsh Resilience System

Jaskeet Briah
clock 28 May 2026 • 2 min read
Student loans present 'almost impossible' financial planning question

Student loans present 'almost impossible' financial planning question

To be a 'burden' for years to come, advisers say

Sophia Panayi
clock 28 May 2026 • 5 min read
Advice consolidation: Reputation, regulation and a transforming market

Advice consolidation: Reputation, regulation and a transforming market

Growth alone is no longer enough

Isabel Baxter
clock 27 May 2026 • 5 min read