Aegon, the dutch insurance giant and parent of pensions company Scottish Equitable, has set a target that it plans to drive forward all its UK brands to achieve a top spot for financial services products distribution in the next 5 years.
Aegon plan to increase staff by 500-600 and intend to reduce overall operating costs significantly to assist in funding the exercise.
The move follows Aegon already buying shares in significant financial software companies as well as a number of large IFA firms.