Announced
Financials
Tags
Domestic
Pending
Single Bidder
financial planning
United Kingdom
Investment Banking
Acquisition
Majority
Private
Friendly
Synopsis
Aegon UK, a financial services provider specialising in pensions, investments and insurance, agreed to acquire the financial planning service business from Nationwide Building Society, a British mutual financial institution. Financial terms were not disclosed. “Following a strategic review, we will be working closely with Aegon UK in the coming months to transfer our investment planning service to them. As a dedicated pension and investment provider, they are well placed to meet our customers’ ongoing financial planning service needs and to provide access to a broader range of support. There will be a smooth transition for customers, as Aegon UK already provides their investment products and platform,” Rachael Sinclair, Nationwide Director of Mortgages and Financial Wellbeing.
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