UK $10 Billion Retirement Specialist Standard Life Buys Dutch $12.8 Billion Financial Services Company Aegon Group UK Business for $2.7 Billion (£2 Billion) in Cash & Share Deal, Aegon Formed in 1983 with Merger of Dutch Insurance Companies AGO & Ennia
16th April 2026 | Hong Kong
UK retirement specialist Standard Life ($10 billion market value) has announced to buy Dutch financial services company Aegon Group ($12.8 billion market value) UK business for $2.7 billion (£2 billion) in cash & share deal. Announcement (15/4/26): “Aegon to sell Aegon UK to Standard Life for a total consideration of GBP 2.0 billion. The proceeds are valued at GBP 2.0 billion and consist of a shareholding of 15.3% (181.1 million shares) in Standard Life plc (Standard Life)1 and a cash amount of GBP 0.75 billion. Any remittances taken out of Aegon UK between the signing and closing of the transaction will be deducted from the GBP 0.75 billion cash amount. In 2026 March, Aegon Group ($11.5 billion market value) sale of UK business first-round bid in 2026 February, with bidders including Lloyds Banking Group & Phoenix Group. In 2026 January, Aegon Group was reviewing to sell the UK business with possible opening of first-round bid in 2026 February. Potential bidders include Phoenix, Scottish Widows & Royal London. Aegon was formed in 1983 with the merger of Dutch insurance companies AGO & Ennia.
“ UK $10 Billion Retirement Specialist Standard Life Buys Dutch $12.8 Billion Financial Services Company Aegon Group UK Business for $2.7 Billion (£2 Billion) in Cash & Share Deal, Aegon Formed in 1983 with Merger of Dutch Insurance Companies AGO & Ennia “
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Lard Friese, Aegon CEO: “The transaction represents an important step in our ambition to become a leading US life insurance and retirement group. The terms reflect our commitment to creating value for shareholders, and through our shareholding we will benefit from further value creation in the combined business. Standard Life is the right owner for Aegon UK and a good home for our employees: we share the same values and a strong commitment to customers, and together the businesses will create the UK’s largest retirement savings and income provider. Aegon’s asset management business in the UK will remain an important asset management partner to the new combined business.”
Andy Briggs, Standard Life CEO: “With financial wellbeing at the heart of everything it does, Aegon UK’s values and culture are aligned with our own. Together, we will not only be stronger, we will be better – helping our customers achieve better outcomes and greater financial security in later life. I look forward to welcoming everyone in Aegon UK to Standard Life in due course and working together to capture the huge potential in front of us.”
Aegon – Aegon is an international financial services holding company. Aegon’s ambition is to become a leading US life insurance and retirement group. Aegon’s portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint ventures in Spain & Portugal, China, and Brazil, and via asset management partnerships in France and China. In addition, Aegon owns a Bermuda-based life insurer and generates value via a strategic shareholding in a market leading Dutch insurance and pensions company. Aegon’s purpose of helping people live their best lives runs through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues. Aegon is headquartered in Schiphol, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com.
Standard Life – Standard Life is a retirement specialist focused entirely on retirement saving and income. Standard Life is proud to manage around c£317bn in assets on behalf of its 12 million customers, and champions the belief that everyone’s journey to and through retirement can be better. With its focus entirely on retirement savings and income Standard Life wants to be the business that people trust to guide their retirement journey, helping its customers achieve better outcomes and greater financial security in later life. As a FTSE 100-listed group Standard Life is using its size, expertise and influence to shape the world Standard’s Life customers will retire into, and are committed to helping three million customers by 2035, take action towards a better retirement. Standard Life is a responsible investor with a clear commitment to supporting a more sustainable future. The company has achieved its net zero goal across its emissions for 2025 and is working towards net zero investment portfolios by 2050 or sooner. Standard Life is recognised as a leading employer, with long-standing accreditation as a Living Wage Employer, Living Pension Employer and Carer Positive Exemplary Employer and in 2025 became one of Britain’s Most Admired Companies in 2025.
Dutch $11.5 Billion Financial Services Company Aegon Group Selling UK Business First-Round Bid in 2026 February, Bidders Include Lloyds Banking Group & Phoenix Group, Aegon Formed in 1983 with Merger of Dutch Insurance Companies AGO & Ennia
5th March 2026 – Dutch financial services company Aegon Group ($11.5 billion market value) selling UK business first-round bid in 2026 February, with bidders including Lloyds Banking Group & Phoenix Group. In 2026 January, Aegon Group was reviewing to sell the UK business with possible opening of first-round bid in 2026 February. Potential bidders include Phoenix, Scottish Widows & Royal London. Aegon was formed in 1983 with the merger of Dutch insurance companies AGO & Ennia. Aegon – Aegon is an international financial services holding company. Aegon’s ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Aegon’s portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint-ventures in Spain & Portugal, China, and Brazil, and via asset management partnerships in France and China. In addition, Aegon owns a Bermuda-based life insurer and generates value via a strategic shareholding in a market leading Dutch insurance and pensions company. Aegon’s purpose of helping people live their best lives runs through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues. Aegon is headquartered in Schiphol, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange.
Dutch $12.4 Billion Financial Services Company Aegon Group Reviewing to Sell UK Business with Opening of First-Round Bid in 2026 February, Potential Bidders Include Phoenix, Scottish Widows & Royal London, Aegon Formed in 1983 with Merger of Dutch Insurance Companies AGO & Ennia
23rd January – Dutch financial services company Aegon Group ($12.4 billion market value) is reviewing to sell the UK business with possible opening of first-round bid in 2026 February. Potential bidders include Phoenix, Scottish Widows & Royal London. Aegon was formed in 1983 with the merger of Dutch insurance companies AGO & Ennia. Aegon – Aegon is an international financial services holding company. Aegon’s ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Aegon’s portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint-ventures in Spain & Portugal, China, and Brazil, and via asset management partnerships in France and China. In addition, Aegon owns a Bermuda-based life insurer and generates value via a strategic shareholding in a market leading Dutch insurance and pensions company. Aegon’s purpose of helping people live their best lives runs through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues. Aegon is headquartered in Schiphol, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange.
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