Indurance group Aegon is poised to sell its British life insurance and pensions business for £1.5bn, the Mail on Sunday reported at the weekend.

Aegon UK includes Scottish Equitable and the paper says in-house advisers at the Edinburgh life company are ‘tidying up’ the business to ‘enable an investment bank to market the business later this year’.
CEO Alex Wynaendts is due to deliver a strategy update to analysts in London on Tuesday and speculation is rising in the British press that the sale will be formally announced.
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