Aegon reaches deal on investment policies

Insurance company Aegon said on Monday it had reached a final deal to reduce the costs and premiums for customers with investment linked insurance policies in the Netherlands.

Aegon said in a statement it is to spend a maximum of €250m on compensating clients for the cost of so-called ‘profiteering policies’. Last September, Aegon had said it would need €140 to ‘improve all the terms and conditions’.
Aegon said it had previously spent €380m on reducing costs, so that 70% of customers now pay less than the maximum agreed on costs.
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Investment policy costs still too high

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