300 employees in Nationwide Constructing Society’s Monetary Planning service have right this moment accomplished their transfer to Aegon UK.

The transfer provides 300 new jobs at Aegon UK and means the creation of a brand new service, Aegon Monetary Planning.

The switch is an extension to a protracted standing partnership between Aegon UK and Nationwide Constructing Society and was introduced in August 2023.

Aegon says the growth is a “vital step” in Aegon’s ambition to develop into the “main digital platform within the UK.”

The brand new Monetary Planning arm will work beneath the umbrella of adviser agency Origen, a completely owned subsidiary of Aegon UK, and can assist Nationwide clients on the lookout for funding merchandise and monetary recommendation.

Aegon UK has partnered with Nationwide since 2016 and can proceed to be the ISA and Normal Funding Account supplier for Nationwide clients. It’ll even have duty for the Monetary Planning wants of 90,000 clients and £5bn of belongings. 

Mike Holliday-Williams, CEO of Aegon UK, stated: “It offers me nice pleasure to welcome greater than 300 new expert and skilled colleagues to Aegon UK. We’re extraordinarily constructive about this new enterprise service, and the size of the strategic transfer which is energised by the £5 billion quantity of belongings beneath advisement.

“The completion of the switch marks a big step in Aegon’s technique to be the main digital platform within the UK, driving ahead our pension and funding propositions in our key retail and office markets for the advantage of all of our clients, advisers and employers. 

“Our clients could be safe within the data that Aegon UK is dedicated to offering them with the assist they require to take care of their rapid and long-term monetary wellbeing.”

Tim Orton, chief government of Origen, stated: “Since asserting the extension of our strategic partnership in August 2023, we have now been working to make sure a clean transition and continuity of service for our Nationwide clients, and I’m delighted to welcome our new colleagues as we embark on the following a part of this journey.

“The addition of Aegon Monetary Planning acts to enrich our current company, wealth and personal consumer companies, making certain all our clients can entry efficient recommendation to assist them construct a brighter monetary future.”

Dutch-owned Aegon supplies pensions and investments to greater than 4m clients and employs greater than 2,000 folks within the UK.