Aegon UK provides a 3 sentence summary of its strategy update:
1) Through acquisitions and an upgrade program, Aegon UK has transformed into the leading investment platform in the UK with over £151 billion in assets under administration.
2) Aegon UK is well positioned to capitalize on strong market growth opportunities and aims to grow its fee-based earnings through its omni-channel distribution strategy.
3) With a strong capital position and improving financials, Aegon UK expects to pay a special dividend of £150 million in 2017 and establish regular dividends going forward.
Care Unlimited is seeking £2 million in venture capital investment to open a 45-bed residential care home for the elderly in Cardiff, Wales. The growing elderly population is increasing demand for care homes in the UK. Care Unlimited will offer short and long-term care contracts, meals, medical checkups, 24/7 support staff, daily activities, and a people-centered approach. The management team is seeking 49% equity in exchange for the £2 million investment, which will be used to purchase a property and fund initial operations. Future plans include opening more homes in Cardiff and expanding to other UK regions over the next 10 years.
The KTN stimulates innovation by linking organizations, exchanging knowledge, and providing access to funding and support. It has over 60,000 members and focuses on sectors like health, manufacturing, and sustainability. The KTN offers information through newsletters, events for collaboration, and help finding partners and funding sources. It aims to drive growth by supporting pioneering UK businesses.
Jim Hemmington, Head of Procurement at BBC - Developing and Implementing a St...Global Business Events
The document outlines the BBC's journey to developing and implementing a strategic sourcing strategy. It discusses how the BBC initially outsourced services to reduce costs without a clear strategy, leading to inflexible long-term contracts. In 2010, the BBC undertook a review to establish a sourcing strategy focused on value over just cost reduction. This involved establishing category management, analyzing spend, and developing more collaborative supplier relationships through agile contracts and cost transparency. The strategic review helped tailor the BBC's approach across categories and prioritize strategic interventions.
MTG is an integrated and diversified TV operator with operations spanning pay-TV, free-TV, radio, and digital in Nordic and emerging markets. In Q3 2014, MTG saw 12% sales growth at constant FX rates and EBIT growth of 32% due to strong performance in the Nordic and emerging markets segments. MTG has a successful track record of profitable growth over 10 years and a unique business model that is integrated, diversified, and platform agnostic with a focus on growing its content offerings and digital capabilities.
1. The document presents a research project on brand awareness and consumer perception of AegonReligare Life Insurance.
2. The research objectives are to study consumer tastes, preferences, and buying behavior in urban areas as well as the buying behavior of middle class consumers.
3. The research methodology includes a survey of 50 consumers of life insurance using convenience sampling over 6 weeks.
Care Unlimited is seeking £2 million in venture capital investment to open a 45-bed residential care home for the elderly in Cardiff, Wales. The growing elderly population is increasing demand for care homes in the UK. Care Unlimited will offer short and long-term care contracts, meals, medical checkups, 24/7 support staff, daily activities, and a people-centered approach. The management team is seeking 49% equity in exchange for the £2 million investment, which will be used to purchase a property and fund initial operations. Future plans include opening more homes in Cardiff and expanding to other UK regions over the next 10 years.
The KTN stimulates innovation by linking organizations, exchanging knowledge, and providing access to funding and support. It has over 60,000 members and focuses on sectors like health, manufacturing, and sustainability. The KTN offers information through newsletters, events for collaboration, and help finding partners and funding sources. It aims to drive growth by supporting pioneering UK businesses.
Jim Hemmington, Head of Procurement at BBC - Developing and Implementing a St...Global Business Events
The document outlines the BBC's journey to developing and implementing a strategic sourcing strategy. It discusses how the BBC initially outsourced services to reduce costs without a clear strategy, leading to inflexible long-term contracts. In 2010, the BBC undertook a review to establish a sourcing strategy focused on value over just cost reduction. This involved establishing category management, analyzing spend, and developing more collaborative supplier relationships through agile contracts and cost transparency. The strategic review helped tailor the BBC's approach across categories and prioritize strategic interventions.
MTG is an integrated and diversified TV operator with operations spanning pay-TV, free-TV, radio, and digital in Nordic and emerging markets. In Q3 2014, MTG saw 12% sales growth at constant FX rates and EBIT growth of 32% due to strong performance in the Nordic and emerging markets segments. MTG has a successful track record of profitable growth over 10 years and a unique business model that is integrated, diversified, and platform agnostic with a focus on growing its content offerings and digital capabilities.
1. The document presents a research project on brand awareness and consumer perception of AegonReligare Life Insurance.
2. The research objectives are to study consumer tastes, preferences, and buying behavior in urban areas as well as the buying behavior of middle class consumers.
3. The research methodology includes a survey of 50 consumers of life insurance using convenience sampling over 6 weeks.
Adrian Grace, Aegon UK CEO and Clare Bousfield, Aegon UK CFO provide analysts with an update on Aegon UK's performance, strategy and the challenges and opportunities facing the company.
Update on Aegon's key markets and business performance, given by Clare Bousfield, CFO of Aegon UK. For further information contact Aegon Investor Relations email: IR@aegon.com or Telephone + 31 70 344 83 05. Or visit www.aegon.com
Maarten Edixhoven, CEO of Aegon the Netherlands, provides an update on Aegon the Netherlands performance and strategy at the 2017 Aegon the Netherlands Strategy Update.
Senior Procurement/Supply Chain transformation specialist currently available and looking for the next challenging opportunity. Please see my Profile below and do not hesitate to contact me for an informal discussion on how I might be able to help you.
EU Analytics Consultancy Roll-Up Deck 21 July 2015MeasureMatch
Project Z aims to create a network of analytics consultancies across Europe through acquisition and organic growth. It plans to acquire stakes in initial consultancies generating €2.5 million in revenue and expand to 10 consultancies across 6 markets generating over €60 million by 2020. The goal is to fill a gap in the market for an independent, multi-market analytics consultancy that can provide strategic guidance and integrated technology solutions to help brands optimize customer experiences and growth. Funding of €15 million is required to acquire consultancies and fuel the expansion plans.
The document discusses the transformation of government procurement in the UK public sector. It outlines that total annual procurement expenditure is around £190 billion across over 40,000 organizations. A programme was established with broad goals like reform, efficiency, and supporting economic growth. Key elements included centralized procurement of common goods, strategic management of major suppliers, supporting small businesses, and increasing transparency. New governance structures, policies, training, and technology were implemented to achieve operational efficiency, improved outcomes, and cultural change across the public sector procurement system.
This document summarizes the journey of portfolio management in the UK's Office for National Statistics (ONS) over the past several years. It describes how the portfolio management team has grown from a small, upward-facing team overseeing an ad hoc portfolio to a larger, centralized Project Delivery Profession overseeing strategic portfolio. Key developments included an Atkins review identifying needs, implementing recommendations to improve planning and governance, and consolidating functions in response to pressures like the national census. The presentation outlines goals and challenges in further maturing portfolio management practices to make more informed strategic decisions.
From obscurity to 21st century model, this franchise was transformed by our team at Allied Carpets and uses contemporary features to gain franchise interest and improve viability
The document summarizes Allied's plan to relaunch as a flooring retail franchise brand. It provides background on Allied's 60-year history in flooring retail. The franchise model will target territories of around 10,000 households. Franchisees will pay £65k for a store and receive full support. Financial projections estimate 20 stores in year 1 could generate over £3 million in total sales and £270k in EBITDA. The investment seeks £700k of funding with payback expected in under 2 years and high potential returns.
The document summarizes Allied's plan to relaunch the Allied flooring retail brand using a franchise model. It discusses the UK flooring market opportunity and Allied's target positioning focusing on trendy, transparent customer experiences. The franchise model offers low investment of £65k with 70% funding available and strong returns. The plan is to open 28 franchise stores by end of 2015 to prove the concept and drive further expansion across the UK and Europe.
This document provides an overview of Intuit's strategy and addressable market opportunities. It discusses Intuit's transition to cloud-based products which is accelerating category adoption. Intuit's customer base grew 14% YoY to over 5 million customers. The strategy is to grow the core products and markets, connect the ecosystem through offerings like e-invoicing and lending, and expand globally by proving the model in countries like Canada, UK, and Australia which now have over 100k subscribers each. This pursues a total addressable market of $145 billion.
Klymat is a SaaS and fintech platform that provides an integrated solution for businesses to track, measure, and reduce their carbon footprint associated with business travel and vehicle fleets. It offers accurate carbon and cost reporting as well as alternative mobility services to promote more sustainable travel. The platform addresses a market need under new UK legislation requiring companies to report on and reduce emissions. It has validated its solution and market opportunity and is seeking funding to further develop its MVP and sales capabilities to begin generating revenue and scaling up its platform users. Investors may realize returns through a future acquisition or IPO once the company achieves profitability and scale.
This document provides an update on the Future@Work strategy of the Adecco Group. It discusses progress made in the first year of the strategy, including the successful integration of AKKA and synergies achieved. It outlines the dual revenue growth strategy of gaining market share in Adecco while investing in faster growing segments like LHH and Modis/Akkodis. Financial ambitions are discussed, including a target EBITA margin range of 3.0-6.0% through the business cycle and strong cash conversion above 90%. The value of leveraging the Group's ecosystem through integrated solutions is also covered.
With roots stretching back almost 200 years, Aegon is one of the world's leading providers of life insurance, pensions and asset management. Find out more about our history, markets, performance, and our commitment to sustainability and responsible investment.
Aegon published its 3Q 2021 financial results on November 11 2021. In this presentation CEO Lard Friese and CFO Matt Rider outline the key facts and figures for the review period and outline the company's strategy.
Adrian Grace, Aegon UK CEO and Clare Bousfield, Aegon UK CFO provide analysts with an update on Aegon UK's performance, strategy and the challenges and opportunities facing the company.
Update on Aegon's key markets and business performance, given by Clare Bousfield, CFO of Aegon UK. For further information contact Aegon Investor Relations email: IR@aegon.com or Telephone + 31 70 344 83 05. Or visit www.aegon.com
Maarten Edixhoven, CEO of Aegon the Netherlands, provides an update on Aegon the Netherlands performance and strategy at the 2017 Aegon the Netherlands Strategy Update.
Senior Procurement/Supply Chain transformation specialist currently available and looking for the next challenging opportunity. Please see my Profile below and do not hesitate to contact me for an informal discussion on how I might be able to help you.
EU Analytics Consultancy Roll-Up Deck 21 July 2015MeasureMatch
Project Z aims to create a network of analytics consultancies across Europe through acquisition and organic growth. It plans to acquire stakes in initial consultancies generating €2.5 million in revenue and expand to 10 consultancies across 6 markets generating over €60 million by 2020. The goal is to fill a gap in the market for an independent, multi-market analytics consultancy that can provide strategic guidance and integrated technology solutions to help brands optimize customer experiences and growth. Funding of €15 million is required to acquire consultancies and fuel the expansion plans.
The document discusses the transformation of government procurement in the UK public sector. It outlines that total annual procurement expenditure is around £190 billion across over 40,000 organizations. A programme was established with broad goals like reform, efficiency, and supporting economic growth. Key elements included centralized procurement of common goods, strategic management of major suppliers, supporting small businesses, and increasing transparency. New governance structures, policies, training, and technology were implemented to achieve operational efficiency, improved outcomes, and cultural change across the public sector procurement system.
This document summarizes the journey of portfolio management in the UK's Office for National Statistics (ONS) over the past several years. It describes how the portfolio management team has grown from a small, upward-facing team overseeing an ad hoc portfolio to a larger, centralized Project Delivery Profession overseeing strategic portfolio. Key developments included an Atkins review identifying needs, implementing recommendations to improve planning and governance, and consolidating functions in response to pressures like the national census. The presentation outlines goals and challenges in further maturing portfolio management practices to make more informed strategic decisions.
From obscurity to 21st century model, this franchise was transformed by our team at Allied Carpets and uses contemporary features to gain franchise interest and improve viability
The document summarizes Allied's plan to relaunch as a flooring retail franchise brand. It provides background on Allied's 60-year history in flooring retail. The franchise model will target territories of around 10,000 households. Franchisees will pay £65k for a store and receive full support. Financial projections estimate 20 stores in year 1 could generate over £3 million in total sales and £270k in EBITDA. The investment seeks £700k of funding with payback expected in under 2 years and high potential returns.
The document summarizes Allied's plan to relaunch the Allied flooring retail brand using a franchise model. It discusses the UK flooring market opportunity and Allied's target positioning focusing on trendy, transparent customer experiences. The franchise model offers low investment of £65k with 70% funding available and strong returns. The plan is to open 28 franchise stores by end of 2015 to prove the concept and drive further expansion across the UK and Europe.
This document provides an overview of Intuit's strategy and addressable market opportunities. It discusses Intuit's transition to cloud-based products which is accelerating category adoption. Intuit's customer base grew 14% YoY to over 5 million customers. The strategy is to grow the core products and markets, connect the ecosystem through offerings like e-invoicing and lending, and expand globally by proving the model in countries like Canada, UK, and Australia which now have over 100k subscribers each. This pursues a total addressable market of $145 billion.
Klymat is a SaaS and fintech platform that provides an integrated solution for businesses to track, measure, and reduce their carbon footprint associated with business travel and vehicle fleets. It offers accurate carbon and cost reporting as well as alternative mobility services to promote more sustainable travel. The platform addresses a market need under new UK legislation requiring companies to report on and reduce emissions. It has validated its solution and market opportunity and is seeking funding to further develop its MVP and sales capabilities to begin generating revenue and scaling up its platform users. Investors may realize returns through a future acquisition or IPO once the company achieves profitability and scale.
This document provides an update on the Future@Work strategy of the Adecco Group. It discusses progress made in the first year of the strategy, including the successful integration of AKKA and synergies achieved. It outlines the dual revenue growth strategy of gaining market share in Adecco while investing in faster growing segments like LHH and Modis/Akkodis. Financial ambitions are discussed, including a target EBITA margin range of 3.0-6.0% through the business cycle and strong cash conversion above 90%. The value of leveraging the Group's ecosystem through integrated solutions is also covered.
With roots stretching back almost 200 years, Aegon is one of the world's leading providers of life insurance, pensions and asset management. Find out more about our history, markets, performance, and our commitment to sustainability and responsible investment.
Aegon published its 3Q 2021 financial results on November 11 2021. In this presentation CEO Lard Friese and CFO Matt Rider outline the key facts and figures for the review period and outline the company's strategy.
Aegon published its 2Q 2021 financial results on August 12, 2021. In this presentation CEO Lard Friese and CFO Matt Rider outline the key facts and figures for the review period and outline the company's strategy.
Bank of America Merrill Lynch Conference, September 2019Aegon
Delivering in a world of extremes - a presentation on Aegon's performance and strategy given by CEO Alex Wynaendts to the Bank of America Merrill Lynch Conference in London on September 25, 2019.
Aegon published its 1H 2019 financial results on August 15, 2019. In this presentation CEO Alex Wynaendts and CFO Matt Rider outline the key facts and figures for the review period and outline the company's strategy.
Aegon 2h 2018 results and new targets presentationAegon
Aegon published its 2H 2018 financial results on February 14, 2019. In this presentation CEO Alex Wynaendts and CFO Matt Rider outline the key facts and figures for the review period and outline the strategy behind Aegon's new financial targets for 2019-2021.
Aegon concluded 2017 with solid fourth quarter results. The company's Solvency II ratio improved significantly to 201% due to strong capital generation of EUR 2.1 billion in 2017. Aegon outsourced administration of its US life and annuity businesses to TCS, which is expected to generate annual expense savings of USD 70-100 million. The company exceeded its target to reduce capital allocated to run-off businesses by nearly USD 5 billion since 2009. Aegon continues its transformation with increased focus on digitization.
The document summarizes Aegon's strong 3Q 2017 results. Key highlights include:
- Underlying earnings increased 20% driven by improved claims experience, higher fee revenue from favorable markets, and lower expenses.
- Return on equity improved to 8.9% and group solvency ratio increased significantly to 195%.
- Sales were driven by record gross deposits resulting from growth of fee-based businesses.
Aegon Americas: Leveraging leading positions in workplace and individual solu...Aegon
Joe Boan (Workplace & Individual Markets), Scott Ramey, (Workplace Solutions) and Phil Eckman (Customer Experience & Advice) provide an update on how Transamerica is leveraging leading positions in Workplace & Individual Solutions.
Aegon Americas: Simplifying and optimizing businessAegon
Blake Bostwick, Chief Operations Officer at Transamerica, and David Montgomery, Head of Individual Operations, provide an update on how Aegon is simplifying and optimizing its business in the US.
Aegon Americas: Sustainably growing capital generationAegon
Helping people achieve lifetime financial security. The document discusses Aegon Americas' strong capital position which supports growth and remittances to the holding company. Key points include:
- The capital position is above target levels despite regulatory changes through active management.
- The long-term care block is actively managed with multiple levers to control profitability and has developed in line with expectations.
- A consistent track record of high remittances to the holding company is expected to continue, supported by sustainable capital generation.
Transamerica is strongly positioned to accelerate growth and achieve its 2018 financial targets. It has successfully executed its 5 part plan, delivering on its 9% Return on Capital target two quarters early and exceeding its capital targets. Transamerica will now invest in modernization and growth initiatives to drive approximately $100 million in increased expenses in 2019 and further strengthen its competitive position. These initiatives include partnering with TCS to improve technology and customer experience, leveraging data and analytics, and focusing on key growth areas like Wealth + Health, Workplace Solutions, and Individual Solutions.
Alex Wynaendts, Aegon’s CEO, provides an update at the Analysts & Investors conference in New York on the progress made executing the company’s strategy and delivering on financial targets.
Bank of America Merrill Lynch Annual Financials CEO Conference presentation 2018Aegon
Aegon CEO Alex Wynaendts gives a presentation to the Bank of America Merrill Lynch Annual Financials CEO Conference in London on Tuesday, September 25, 2018.
With roots stretching back almost 200 years, Aegon is one of the world's leading providers of life insurance, pensions and asset management. Find out more about our history, markets, performance, and our commitment to sustainability and responsible investment.
The Aegon SAECURE program has issued 15 residential mortgage-backed securities transactions since 2000 to diversify funding for Aegon's Dutch residential mortgage portfolio. The SAECURE portfolios exhibit stable historical performance with low and declining arrears levels, demonstrating the representative quality of Aegon's total Dutch mortgage loan book.
What Aegon employees say on International Women's Day 2018Aegon
The document discusses the importance of diversity and inclusion at Aegon, highlighting perspectives from various employees. It notes that diversity allows the company to better serve its diverse customer base and drives innovation. Several individuals emphasize that both women and men should have equal opportunities to achieve their full potential and that diverse teams are stronger and more creative.
Aegon concluded 2017 with solid fourth quarter results. The company's Solvency II ratio improved significantly to 201% due to strong capital generation of EUR 2.1 billion in 2017. Aegon outsourced administration of its US life and annuity businesses to TCS, which is expected to generate annual expense savings of USD 70-100 million. The company exceeded its target to reduce capital allocated to run-off businesses by nearly USD 5 billion since 2009. Aegon continues its transformation with increased focus on digitization.
Aegon reported strong financial results for the full year 2017, with underlying earnings of 3.9 billion euros. The CEO stated that 2017 concluded a strong year for the company. Key highlights included improving employee engagement through diversity initiatives and surveys, launching new affordable housing funds and investing in technologies to support business growth while divesting non-core parts of the US business.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
Bienestar Financiero al servicio de su jubilación anticipada
Pago de su 🏡
Estudio de sus hijos
Directamente a tu cuenta bancaria
Con Tesorería Auditoria Jurídica comercial
Administración de carteras
Apalancamiento Financiero
Desarrollo de tu marca personal
Acceso a Desarrollo de varias industrias
Cuentas bancarias
Estructuras Físicas en USA y en América Central
Avalado por Bolcomer
Puesto de Bolsa Comercial
Turismo
Y mucho más
Link de registro
https://business.myinfinity.global/maurod8/
https://therusnetwork.com/
Contacto:
https://goo.su/pzm1fja
1. Helping people achieve a lifetime of financial security
UK strategy update
Adrian Grace
CEO - UK
London – September 21, 2017Stephen McGee
CFO - UK
2. 2Aegon UK strategy update
Transformed
business
profile
Attractive
market
opportunities
Strong
financial
position
• Accelerated transformation with acquisition of Cofunds and Blackrock’s DC business
• UK’s #1 investment platform leading shift from spread to fee-based business
• On-track with execution of upgrade program and the integration of acquisitions
• Well positioned to capitalize on expected platform market growth to GBP 1.2 trillion by 2021
• Leveraging omni-channel distribution strategy to capture larger share of the growing platform market
• Diversified product mix across pensions, ISAs, general investment clients and long term savings
• Underlying earnings expected to grow from 2017 onward due to improving fee-based earnings
• Solvency II ratio well within new target range of 145% to 185% enabling future dividends to the Group
• Special dividend of GBP 150 million to be paid in 2H 2017
Today’s storyline
3. 3Aegon UK strategy update
Source: *Fundscape Five Year Platform Projections Jan 2017, NMG adviser survey, Platforum
•
EdinburghLondon Witham Lytham Salford Peterborough
>3,000
employees
Award-winning multi-
channel investment
platform
Focusing on long
term savings,
retirement, workplace
savings and
protection
>3.5 million
customers
£151 billion
Revenue-generating
investments
#1 Platform with
>20% market share*
Aegon UK at a glance
4. 4Aegon UK strategy update
Transformation from traditional to digital model well underway
• Become long term savings
business, not just an insurance
company
• Build trust with advisers
leading to B2B2C
• Attain critical scale and
achieve continued growth
• Operationally efficient platform
that creates sustainable,
scalable investment returns for
all stakeholders
Completed In-progress Key outcomes
Creating a 21st century digital business that delivers customer-centric solutions
• Upgrade program for existing
customers to new platform
• Service customers to &
through retirement via
multiple distribution
channels
• Consider options for residual
unit-linked/with profits
business following upgrade
program
Split company into a ‘digital
future’ and a ‘legacy past’
Divested annuity book
Grew inorganically:
– Blackrock DC (£15bn in AUA)
– Cofunds (£87bn in AUA)
Launched market leading
investment solutions
5. 5
Platform
Aegon UK strategy update
Evolving business model
0%
20%
40%
60%
80%
100%
-50
0
50
100
150
200
2015 2016 2017 2018 2019
FeeBusiness
Legacy Past Digital Solutions 2017 Annualised Fee Business
Improving earnings trajectory
2015
2019
Unit Linked
Protection
Annuities
Unit Linked
(including portion to
outsource or sell)
Protection
Investment
Platform
(including Cofunds & BlackRock)
W/Place Retail Direct
Business model in place to move to a capital light fee-based
business, improving earnings
Digital Future
6. 6Aegon UK strategy update
Aegon’s market opportunities Expected platform market growth
(AUA in GBP billions)
0
200
400
600
800
1,000
1,200
2008 2011 2014 2017 2020
Cofunds AUA
Aegon AUA
Rest of Market AUA
20% pa
growth
• ~14% of stock on platform, ~86% is off platform
• ~80% of new business flow is now on platform driven by
advisers and migrating legacy assets
• Market growth YOY is expected to be ~20% through 2021
• Investment platform market covers Retail Advisers,
Workplace Solutions and Direct to Customer
• Platform market is expected to surpass GBP 1.2 trillion
by 2021
• Aegon currently leads the platform market with >20%
market share
Accessible Market - £3.7trn AUA
Well positioned to capitalize on the evolving UK market with
Aegon currently leading the platform market
Source: *Fundscape Five Year Platform Projections Jan 2017, NMG adviser survey, Platforum
7. 7Aegon UK strategy update
Source: Fundscape Five Year Platform Projections Jan 2017, NMG adviser survey, Platforum;
* Captures platform direct to customer only
TargetMarkets
Key:
Proposition Focus
Customer Focus
Distribution Focus
Adviser
Platform plus
core, premium
& pro
investment
ranges
GP
Advisers
and pension
transfer
specialists
Mass
affluent &
mass
aspirational
market
Workplace Institutional IPS Customer
WPARC/
Master trust,
IO & AON
Trust
Selective
EBC &
Intermediary
distribution.
Potentially
D2C
Large/Mid-
Sized
Employers
Maintain
existing
proposition
Outsource
service
model
Keep
existing
institutional
clients
Protection &
NBS style
platform deals
Selective
EBC &
Intermediary
distribution.
Potentially
D2C
Large/Mid-
Sized
Employers
Support for
orphan
retention
strategy
Retail &
Workplace-
immediate
priority for
consolidation
Direct –
continued
test & learn
Investments & Protection
Total AUA ~GBP 151 billion at 30 June 2017
Total ~£61bn Total ~£22bn Total ~£50bn Total ~£11bn Total ~£6bn*
On Platform ~£37bn On Platform ~£3.5bn On Platform ~£50bn On Platform ~£11bn On Platform ~£6bn
#1Advisory
market #3 Workplace
market
Institutional, IPS
& Direct marketsSignificant Player
With clear positioning to achieve the our ambition ‘to transform Aegon and create the UK’s leading long term savings and investment business’
Transforming Aegon’s UK market position, leveraging our
scale to deliver a multi-channel strategy
8. 8
• Diversified product mix across pensions, ISAs, general investment clients and other long term savings
• Strong blend of distribution sources to deliver products
• Broad reach across more than 5,000 advisers in the UK
Aegon UK strategy update
Long term savings mix fully aligned with distribution strategy
AUA by product
(% of total AUA)
AUA by distribution channel
(% of total AUA)
6
24 20
75
50
>5 1 -5 0.5 - 1 0.5 - 0.1 .05 - 0.1 <0.05
Number of Adviser by AUA
(AUA in GBP billions)
4000+
40%
6%11%
43%
Pension
GIA
ISA
Institution
13%
37%
6%
7%
2%
35%
EBCS & Corporate Intermediaries
Wealth Intermediaries
Bank & Building Societies
Direct Relationships
XO Brokers
Institutional Clients
9. 9
2016 acquisitions have collectively transformed the ability to
execute the UK strategy at pace
Aegon UK strategy update
Our combined strength and breadth of
expertise makes us a compelling choice in
the workplace market
We are the largest platform in the UK after
accumulating more than
£70bn assets
• Became the largest UK Retail platform
• Enabled us to deliver a platform at scale with strong
consolidation and cross-sell opportunities
• Enabled plans to drive automation
• Supported a complementary distribution footprints
• Achieved new business relationship with Nationwide
• Provided open architecture for investment solutions
• Propelled Aegon to a top-3 position in UK
workplace savings market
• Provided access to larger employers and Trust
and Investment Only markets.
• Gained expertise in individual and master trust
based DC plans
• Provided a significant cross-sell opportunity
• Enabled the restructure of investment fund
mandates to drive investment performance
aligned with customer expectations
10. 10Aegon UK strategy update
Clear strategy to continue to grow shareholder value
Intermediary Market Leader
Growth
AUA
• Primary driver of growth
• Market leadership in the investment
platform market
• Omni-channel
• Differentiated on UX
• Using strong performance to
cross-sell AUM and Protection
AUM
• Cross-sell investment solutions
• Embed as adviser default solutions
• Digital enablement
• Grow over time
Protection
• Cross-sell to advisers
• Digitise and embed into the platform
Scale
• Key enabler of business growth
• Relatively fixed cost base
• Low variable cost through STP/ digital
• Enables platform acquisition and migration to a single technology
Inorganic
growth
11. 11Aegon UK strategy update
Strong Executive Committee with skillset to deliver our strategy
Adrian Grace,
CEO
Mark Till,
Chief Distribution
& Marketing
Officer
Richard Denning,
COO
Karen Cockburn,
Finance Director
Dougy Grant,
MD Existing
Business
Stephen McGee,
CFO
Jim Ewing,
CRO
James Crispin,
Chief Actuary
Executive Committee
David Hobbs,
CEO Cofunds
Digital Solutions Existing Business
Shared Services
ExecutiveTeamManagementTeams
Gill Scott,
HRD
James Mackenzie,
General Counsel
Tommy Young
CIO
12. 12Aegon UK strategy update
Program structure ensures clear management and control
To ensure consistent direction
across the programme
Integration
Steering Committee
Chief Integration
Officer
Tommy Young
Business
Design Authority
Project Management Office
Lead: Daniel Vencker
To align design decisions
across all workstreams
To align reporting, controls & support
framework across all workstreams
BLACKROCKCENTRAL
COFUNDS
RETAIL
GovernanceWorkstreams
NATIONWIDE
BLACKROCK PART
VII TRANSFERS
Distribution
& Marketing
Funds
Restructure
Transition
(TSA)
Operating
Model
Blackrock
Integration
/Migration
Commercial
agreement
Readiness
INSTITUTIONAL
Programme Director
Kevin Cummings
Legal
Structures
Commercial
Synergies
Integration
/ Migration
Outsource
/Migration
Completion
Operations
& Transition
ANNUITY PART VII
TRANSFERS
Rothsay
Life
Legal &
General
Finance
Integration
Ongoing
Ongoing
Ongoing Ongoing
Ongoing Ongoing
Ongoing
Ongoing
Ongoing Ongoing
Ongoing
Ongoing
Ongoing
1H 2018
KPMG: Business Case/ Due
Diligence / Planning
TCS: Data Migration
MyProteus: Program
Resource
Altus:
Target Operating Model
GBST: Core Composer
DT: Adviser Portal
External Resource
Supported by an experienced and agile team
Accountable
Executive:
Tommy Young
Accountable
Executive:
Stephen McGee
Accountable
Executive:
Richard Denning
Accountable
Executive:
Mark Till
Accountable
Executive:
David Hobb
13. 13Aegon UK strategy update
Delivered on key milestones to date and remain well on track
Integration
actions
Integration
growth levers
£20m
£15m
£10m
£15m
• Retail Distribution Integration –
32% ahead of 2016
Remove overheads and immediate
contract rationalization
Cost
savings
Synergies to provide more
efficient delivery
Operations straight through
processing
Technology contract rationalization
Progress
of savings
Achieved
On track
On track
Planned
• Institutional Solution – flows ahead
of plan and project on track
• Workplace Distribution Integration –
new business flows on plan
• Retention – asset attrition on plan
14. 14Aegon UK strategy update
Scale and cost reductions drive future profitability and
improve return on capital
• The UK market has seen significant changes, with
investors moving to simpler, less expensive products
• The changes have been accelerated by the Retail
Distribution Review and DWP charge cap on
Workplace schemes
• The average income has declined over time as old,
high charging policies lapse
• The acquisitions and investment in the business help
to drive scale and reduce costs
Note: all years include costs relating to the Blackrock DC and Cofunds business to allow like-for-like comparison
Declining expenses and increasing margins
(expenses in GBP millions, margins in bps of AUA)
0
2
4
6
8
10
0
150
300
450
600
2015 2016 2017 2018 2019
Operating Expenses Margin
15. 15
Upgrade program progressing to plan
Aegon UK strategy update
£0
£5
£10
£15
£20
£25
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
Jan-15
Mar-15
May-15
Jul-15
Sep-15
Nov-15
Jan-16
Mar-16
May-16
Jul-16
Sep-16
Nov-16
Jan-17
Mar-17
May-17
Jul-17
Sep-17
Nov-17
Jan-18
Mar-18
May-18
Jul-18
Sep-18
Nov-18
Jan-19
Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Nov-20
CummulativeFUM(£bn)Upgraded
CumulativePoliciesUpgraded
Individual Advised Clients Individual Orphan Clients Corporate Upgrade FUM (£bn)
160k Policies
£4.0bn FUM
150k Policies
£2.4bn FUM
90k Policies
£2.9bn FUM
160k Policies
£4.4bn FUM
130k Policies
£5.0bn FUM
85k Policies
£2.6bn FUM
• Upgrade program has moved over
GBP 8 billion of assets and 380k
customers to date
• Target remains to upgrade
GBP 21 billion of assets and 700k
customers over time
• Continuing positive customer
persistency
1,000
900
800
700
600
500
400
300
200
100
0
Cumulativepoliciesupgraded
25
20
15
10
5
0
2015 2016 2017 2018 2019 2020
Individual Advised Clients Individual Orphan Clients Corporate Upgrade AUA (rhs)
CumulativeAUAupgraded
Upgrade program plan by client type
(Policies in thousands, AUA in GBP billions)
16. 16Aegon UK strategy update
Strong capital position
Aegon UK Solvency ratio development
(in %)
• Annuity sale delivered through two stage process – reinsurance and legal transfer – main driver of improvement
– Legal ownership to Rothesay Life Q2 2017 – COMPLETE; Legal ownership to L&G Q3 2017 – September 22nd
• Special dividend of GBP 150 million to be paid in 2H17
• Market movements & other management actions include integration expenses for Cofunds and inclusion of
operational risks in the partial internal model
• Increased target zone to 145% to 185% to better absorb sensitivities and maintain dividend paying capacity
140%
~165%
1Q16 Annuity
reinsurance
Normalized capital
generation
Cofunds
acquisition
Annuity Part VII
transfers
Special
dividend
Markets & other
management actions
Pro forma
4Q17
Target
zone
185%
145%
17. 17Aegon UK strategy update
Dividends to Group begin in 2H17 with GBP 150 million
Aegon UK
Aegon NV
Cofunds
Investment business
• GIAs / ISAs
• Investment Fund Management
Scottish Equitable
Insurance business
• Pensions
• Protection
AUK Structure • Capital generation from business growth and the annuity
sale fund the purchase of Cofunds
• Strong capital position supports GBP 150 million dividends
to Group in 2H17
• In 2018 capital generation is expected to be GBP 100 million
from Scottish Equitable and Cofunds combined
• UK’s new structure designed to create opportunities in the
long term market and to target enhanced returns
• Comprehensive plan to establish regular dividends against
new target capital management levels
18. 18
• Risk profile is more balanced after annuity book divestments, as it reduces longevity and credit risk
• Remaining exposure to credit and interest rate risks primarily related to own employee pension fund
• Equity risk and persistency now the largest growing exposures
• The SCR provides a natural hedge to capital ratio movements but need to manage the economic risks
Aegon UK strategy update
Evolving risk profile following annuity book divestments
Solvency II SCR by risk type
(4Q 2015, % of total SCR)
30%
25%
13%
10%
7%
7%
5%
3%
16%
8%
19%
24%
10%
7%
8%
8%
Credit Longevity
Equity Persistency
Expenses Interest Rate
Currency Other
Solvency II SCR by risk type
(2Q 2017, % of total SCR)
GBP
1.5
billion
GBP
1.3
billion
19. 19Aegon UK strategy update
A model that has Customers, Advisers and the Shareholder at it’s center, aligned to the regulatory and
legislative agenda
Built a scalable, fee-based, multi-channel investment trading platform
Integration plan is on track, on budget and will realize expected cost savings
Direct to Customer will be a ‘slow burn’ and we will not compete with advisers
Uniquely positioned with broad distribution and product wrappers
Transformed and improved underlying earnings profile
Strong cash flow generation and dividend paying capacity
Transformation underway with strong growth outlook
21. 21Aegon UK strategy update
Leading market AUA and Market Share
£107bn
£78bn £76bn
£49bn £47bn
0%
5%
10%
15%
20%
25%
0
25
50
75
100
125
Aegon Competitor A Competitor B Competitor C Competitor D
Marketshare
AuA£bn
2Q 2017 Platform AuA & Market Share
AUA £bn
Market Share
£9bn
£5bn
£3bn
£3bn £3bn
0%
10%
20%
30%
0
2
4
6
8
10
Aegon Competitor A Competitor B Competitor C Competitor D
Marketshare
GrossSales£bn
2Q 2017 Platform Gross Sales
Gross Sales £bn
Market Share
£23bn £19bn
£60bn
£102bn
£124bn £149bn
£110bn
£437bn
0%
20%
40%
60%
80%
100%
ISA SIPPS Institutional Total
2Q 2017 Aegon share of Product AuA
Assets Aegon Assets Rest of Market
£1bn £2bn
£6bn
£9bn
£5bn £10bn
£5bn
£24bn
0%
20%
40%
60%
80%
100%
ISA SIPPS Institutional Total
2Q 2017 Aegon Gross Sales Share by Product
Gross Sales Aegon Gross Sales Rest of Market
22. 22
Niche protection business that enhances platform offering
Aegon UK strategy update
2016 Protection product mix
(% of total protection cases)
• Protection products are distributed 100% through advisers with 2.3% share of the intermediated market
• Offers a diversification of underlying earnings and reduces revenue dependency on investment returns
• Expect to grow new business 10% YOY through 2020 from GBP 33 million in 2016
• Operate a lean cost model by outsourcing back office functions and reinsuring claims risk when possible
Protection products target markets
86%
10% 2%
2%Term life
Whole life
Income Protection
Critical Illness
~450k
customers
Non-target market
Target market 4
Young &
Healthy Target market 3
>45 & mass affluent
Target market 1
High Net Worth
Target market 2
Business
Protection
Non-target
market
Age
Wealth
Employersize
23. 2323
For questions please contact
Investor Relations
+31 70 344 8305
ir@aegon.com
P.O. Box 85
2501 CB The Hague
The Netherlands
Thank You!
Aegon UK strategy update
24. 24
Disclaimer
Cautionary note regarding non-IFRS measures
This document includes the following non-IFRS-EU financial measures: underlying earnings before tax, income tax, income before tax, market consistent value of new business and return on equity. These non-IFRS-EU measures are calculated by consolidating on a proportionate basis Aegon’s
joint ventures and associated companies. The reconciliation of these measures, except for market consistent value of new business, to the most comparable IFRS-EU measure is provided in note 3 ‘Segment information’ of Aegon’s Condensed Consolidated Interim Financial Statements. Market
consistent value of new business is not based on IFRS-EU, which are used to report Aegon’s primary financial statements and should not be viewed as a substitute for IFRS-EU financial measures. Aegon may define and calculate market consistent value of new business differently than other
companies. Return on equity is a ratio using a non-IFRS-EU measure and is calculated by dividing the net underlying earnings after cost of leverage by the average shareholders’ equity, the revaluation reserve and the reserves related to defined benefit plans. Aegon believes that these non-
IFRS-EU measures, together with the IFRS-EU information, provide meaningful information about the underlying operating results of Aegon’s business including insight into the financial measures that senior management uses in managing the business.
Local currencies and constant currency exchange rates
This document contains certain information about Aegon’s results, financial condition and revenue generating investments presented in USD for the Americas and Asia, and in GBP for the United Kingdom, because those businesses operate and are managed primarily in those currencies. Certain
comparative information presented on a constant currency basis eliminates the effects of changes in currency exchange rates. None of this information is a substitute for or superior to financial information about Aegon presented in EUR, which is the currency of Aegon’s primary financial
statements.
Forward-looking statements
The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, intend, may, expect,
anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, is confident, will, and similar expressions as they relate to Aegon. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict.
Aegon undertakes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect company expectations at the time of writing. Actual results may differ materially from
expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include but are not limited to the following:
• Changes in general economic conditions, particularly in the United States, the Netherlands and the United Kingdom;
• Changes in the performance of financial markets, including emerging markets, such as with regard to:
▬ The frequency and severity of defaults by issuers in Aegon’s fixed income investment portfolios;
▬ The effects of corporate bankruptcies and/or accounting restatements on the financial markets and the resulting decline in the value of equity and debt securities Aegon holds; and
▬ The effects of declining creditworthiness of certain public sector securities and the resulting decline in the value of government exposure that Aegon holds;
• Changes in the performance of Aegon’s investment portfolio and decline in ratings of Aegon’s counterparties;
• Consequences of a potential (partial) break-up of the euro;
• Consequences of the anticipated exit of the United Kingdom from the European Union;
• The frequency and severity of insured loss events;
• Changes affecting longevity, mortality, morbidity, persistence and other factors that may impact the profitability of Aegon’s insurance products;
• Reinsurers to whom Aegon has ceded significant underwriting risks may fail to meet their obligations;
• Changes affecting interest rate levels and continuing low or rapidly changing interest rate levels;
• Changes affecting currency exchange rates, in particular the EUR/USD and EUR/GBP exchange rates;
• Changes in the availability of, and costs associated with, liquidity sources such as bank and capital markets funding, as well as conditions in the credit markets in general such as changes in borrower and counterparty creditworthiness;
• Increasing levels of competition in the United States, the Netherlands, the United Kingdom and emerging markets;
• Changes in laws and regulations, particularly those affecting Aegon’s operations’ ability to hire and retain key personnel, taxation of Aegon companies, the products Aegon sells, and the attractiveness of certain products to its consumers;
• Regulatory changes relating to the pensions, investment, and insurance industries in the jurisdictions in which Aegon operates;
• Standard setting initiatives of supranational standard setting bodies such as the Financial Stability Board and the International Association of Insurance Supervisors or changes to such standards that may have an impact on regional (such as EU), national or US federal or state level financial
regulation or the application thereof to Aegon, including the designation of Aegon by the Financial Stability Board as a Global Systemically Important Insurer (G-SII);
• Changes in customer behavior and public opinion in general related to, among other things, the type of products Aegon sells, including legal, regulatory or commercial necessity to meet changing customer expectations;
• Acts of God, acts of terrorism, acts of war and pandemics;
• Changes in the policies of central banks and/or governments;
• Lowering of one or more of Aegon’s debt ratings issued by recognized rating organizations and the adverse impact such action may have on Aegon’s ability to raise capital and on its liquidity and financial condition;
• Lowering of one or more of insurer financial strength ratings of Aegon’s insurance subsidiaries and the adverse impact such action may have on the premium writings, policy retention, profitability and liquidity of its insurance subsidiaries;
• The effect of the European Union’s Solvency II requirements and other regulations in other jurisdictions affecting the capital Aegon is required to maintain;
• Litigation or regulatory action that could require Aegon to pay significant damages or change the way Aegon does business;
• As Aegon’s operations support complex transactions and are highly dependent on the proper functioning of information technology, a computer system failure or security breach may disrupt Aegon’s business, damage its reputation and adversely affect its results of operations, financial
condition and cash flows;
• Customer responsiveness to both new products and distribution channels;
• Competitive, legal, regulatory, or tax changes that affect profitability, the distribution cost of or demand for Aegon’s products;
• Changes in accounting regulations and policies or a change by Aegon in applying such regulations and policies, voluntarily or otherwise, which may affect Aegon’s reported results and shareholders’ equity;
• Aegon’s projected results are highly sensitive to complex mathematical models of financial markets, mortality, longevity, and other dynamic systems subject to shocks and unpredictable volatility. Should assumptions to these models later prove incorrect, or should errors in those models
escape the controls in place to detect them, future performance will vary from projected results;
• The impact of acquisitions and divestitures, restructurings, product withdrawals and other unusual items, including Aegon’s ability to integrate acquisitions and to obtain the anticipated results and synergies from acquisitions;
• Catastrophic events, either manmade or by nature, could result in material losses and significantly interrupt Aegon’s business;
• Aegon’s failure to achieve anticipated levels of earnings or operational efficiencies as well as other cost saving and excess capital and leverage ratio management initiatives; and
• This press release contains information that qualifies, or may qualify, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
Further details of potential risks and uncertainties affecting Aegon are described in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the Annual Report. These forward-looking statements speak
only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in
Aegon’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Aegon UK strategy update