Guardian Sold By Aegon - Advisers United

25/11/2011 - Guardian Sold By Aegon

Guardian Sold By Aegon.

Guardian life and pension business services, which is part of Aegon has been sold for £275m to European private equity group Cinven.

Guardian, has been closed to new business since 2001. Aegon Asset Management will continue to manage Guardian’s assets.

According to Clare Bousefield, Aegon UK chief financial officer, the sale of Guardian is an important step forward to enable them to move into the next chapter of Aegon UK’s development, and to concentrate their business on the opportunities presented by RDR and pensions reform.

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