Aegon offloads 200-year-old UK business to Standard Life for £2bn

Deal will create pensions and savings group with 16m customers and £480bn of assets, while Aegon focuses on US

The Dutch financial services group Aegon has struck a £2bn deal to sell off its almost 200-year-old UK arm to Standard Life, as part of a US push in which the group will be rebranded as Transamerica.

Standard Life, previously known as Phoenix Group, said the deal to buy Aegon UK would create a pensions and savings group with 16 million customers and £480bn of assets under administration.

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Corporate tree-planting drive in Scotland ‘risks widening rural inequality’

Surge of estate sales to big firms has driven up prices and increased elitism of land ownership, says report

A drive by wealthy companies to plant forests in the Scottish Highlands to offset their carbon emissions risks creating even greater inequalities in rural areas, a major report has warned.

The analysis says a surge of Highland estate sales to major corporations and cash-rich investors, such as Aviva, Standard Life and BrewDog, has driven up land prices sharply and increased the elitism and exclusivity of land ownership, while they aim to limit climate heating.

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