Aegon UK to acquire the financial planning service business from Nationwide Building Society.

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.