Aegon UK has extended its strategic partnership with Nationwide Building Society (NBS), which will see NBS’ financial planning teams move to Aegon UK. Those teams service around 90,000 existing Aegon clients.
The transaction supports Aegon UK’s strategy to be the leading digital platform provider in the workplace and retail markets, and to drive forward its pension and investment propositions for the benefit of all its customers, including advisers and employers.
Aegon UK has been the trusted investment partner for NBS customers since 2016, providing access to Aegon’s products advised by the in-house financial planning service of NBS. NBS is the world's largest building society, and one of the UK’s largest savings providers. The extended strategic partnership will reshape the current relationship to play to both organizations’ strengths and provide a smooth transition for customers.
The transaction is expected to be completed in early 2024.