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Pensions are constantly evolving and there may be changes that affect your membership, so it’s important to keep up to date with what’s happening.
Update on Aegon
30 Apr 2026
Aegon, one of the Magnox Group’s Additional Voluntary Contribution (AVC) providers, has announced the sale of its UK business to Standard Life plc. The transaction is expected to complete towards the end of 2026.
This is a corporate transaction between providers only. Your Aegon AVCs will remain unchanged and there is nothing you need to do. Administration and investment of your AVCs will continue as normal.
The Trustee is monitoring the transaction and will continue to keep the position under review. If any changes are required or further information becomes relevant for members, an update will be provided.
You can read Aegon’s announcement here:
https://www.aegon.com/newsroom/news/press-releases/2026/aegon-to-sell-aegon-uk-to-standard-life