AEGON Asset Management Wins GBP2 Billion Asset Allocation Mandate

LONDON, September 2, 2010 /PRNewswire/ -- AEGON Asset Management has won another mandate for its asset allocation service.

The latest mandate will see AEGON Asset Management apply its asset allocation service to Leicestershire County Council's GBP2 billion pension scheme.

The AEGON Asset Allocation Service will provide the Leicestershire County Council pension scheme with a bespoke overlay facility, with the aim of helping it meet its strategic objectives over the medium to longer term.

The asset allocation service is run by AEGON Asset Management's Multi Asset Group which is managed by its European head of multi asset investing Scott Jamieson.

Leicestershire County Council's Pension Scheme has over 70,000 members and is recognised as being at the forefront of industry developments and innovation.

AEGON Asset Management head of public sector pensions Paul Ritchie says: 'Our Asset Allocation Service is unique because it is entirely bespoke for each scheme. When it comes to asset allocation and risk management one size never fits all.'

AEGON Asset Management head of European distribution Martin Harris says: 'This is another excellent win for our Multi Asset Group. This mandate underlines the increasing recognition among pension schemes for this type of service.'

About AEGON Asset Management

AEGON Asset Management takes an active approach to managing investments, helping retail and institutional clients to maximize available investment opportunities and realize their financial objectives. As part of AEGON, AEGON Asset Management has businesses in over twenty countries in Europe, the Americas and Asia. AEGON Asset Management manages approximately EUR 200 billion on behalf of individual investors, financial institutions, pension funds and insurance companies around the world. The AEGON Asset Management businesses employ over 1,300 staff worldwide.

Important Notice - The Asset Allocation Service (AAS)

This press release relates to the AAS provided by AEGON Asset Management UK plc (AAM). The AAS is subject to the terms of an investment management agreement between AAM and a pension fund selecting the AAS and subject to such disclaimers, notices, warnings or separate agreements, including those set out below, as AAM may communicate to you or agree with you.

The content of this press release is designed for the professional pension fund market. If you are not an investment professional or a person professionally involved in or having responsibilities relating to pension fund management you should not act upon it.

This press release is directed only at persons having professional experience in matters relating to investments falling within article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and high value entities or trusts falling within article 49 of that Order. Consequently, AAM has not approved the content of this press release for the purposes of section 21 of the Financial Services and Markets Act 2000. No other person should act upon this press release or any information contained in it. AAM has procedures in place to ensure that no instrument or investment activity referred to in this press release is available to any other person.

The content of this press release has been prepared solely for information purposes. Any statements, forecasts, past performance data, estimates or projections included in the press release are for illustrative purposes only and may be provided by AAM or third parties. Any view, opinions or statements made in or in relation to this press release should not be interpreted as recommendations or advice. Past performance is not a guide to future performance. The value of investments and the income from them may fall as well as rise and there is no guarantee that the AAS will achieve the objectives described in this press release.

No investment advice or tax advice is being given in this press release. Nothing in this press release should be regarded as an offer to provide investment services or products or as a comment on the merits of engaging in any investment transaction or activity or an inducement to do so. The content of this press release is subject to change and correction without notice.

AAM does not represent that (i) the content of this press release; (ii) any investments or investment services referred to in this press release; or (iii) any oral or written statements provided by or made by AAM or persons connected with it are suitable for or relevant to you.

AEGON Asset Management UK plc provides segregated and retail funds and is the Authorised Corporate Director of AEGON ICVC, an Open Ended Investment Company. AEGON Asset Management UK plc is authorised and regulated by the Financial Services Authority, (FSA reference no: 144267).AEGON Investment Management UK ltd provides investment management services to AEGON, which provides pooled funds life and pension contracts. AEGON Investment Management UK ltd is an appointed representative of Scottish Equitable plc, an AEGON company, whose Registered office is 1 Lochside Crescent, Edinburgh Park, Edinburgh, EH12 9SE (FSA reference no: 165548).

AEGON Asset Management includes AEGON Asset Management UK plc (no: 113505) and AEGON Investment Management UK ltd (no: 212159). Both are registered in Scotland and have their registered office at AEGON House, 3 Lochside Avenue, Edinburgh Park, Edinburgh, EH12 9SA. AEGON Asset Management UK plc is authorised and regulated by the Financial Services Authority, (FSA reference no: 144267). AEGON Investment Management UK ltd is an appointed representative of Scottish Equitable plc, an AEGON company, whose registered office is 1 Lochside Crescent, Edinburgh Park, Edinburgh, EH12 9SE (FSA reference no: 165548).

    This press release is also available on http://www.aegonam.co.uk.

    Contact information

    Media relations: Adrian Cammidge
    +44(0)207-200-2510
    [email protected]

SOURCE AEGON Asset Management