Legal & General to sell annuities to Prudential pensions savers [Reuters]
Aegon Ltd. New York Registry Shares (AEG)
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Source: Reuters
Legal & General to sell annuities to Prudential pensions savers - Reuters 2 Min Read LONDON, Sept 20 (Reuters) - British insurer Legal & General will offer annuities to Prudential pension savers in a deal it expects will increase its 2020 annuity sales by 15%, L&G said on Friday. Legal & General is one of the biggest players in annuities in Britain which offer pensioners a fixed income for life. Prudential pulled out of the annuity market in early 2017. Prudential pension policyholders who had been promised a guaranteed annuity rate will from Nov. 1 be “introduced” to Legal & General, who will take over the obligation of providing their annuities, L&G said. This follows similar deals between L&G and Aegon, Swiss Re unit ReAssure and Sun Life Financial of Canada. The market for individual annuities has been in decline since the British government gave pensioners more choice about how to use their pension pots in 2015. But L&G said its individual annuity sales had risen by 47% in the fi
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News
- Aegon Ltd. (NYSE: AEG) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
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AEG
Sec Filings
- 4/10/24 - Form 6-K
- 4/9/24 - Form 6-K
- 4/4/24 - Form IRANNOTICE
- AEG's page on the SEC website