Standard Life buys Aegon UK for £2bn
Deal comes as large insurers and asset managers compete more aggressively for UK pension assets
Deal comes as large insurers and asset managers compete more aggressively for UK pension assets

Plans come as private capital groups have hitched their growth to managing assets held by US insurers

New provider Scottish Widows is overhauling its offering

Value of assets offloaded by UK groups fell to three-year low last year, just as US private capital firms pile in

British pension schemes will soon be forced to support my portfolio

Regulator to change capital rules on ‘funded reinsurance’ over concerns sector is exploiting arbitrage

Agreement comes as insurer seeks to ward off competition in lucrative transfer market for pension risk