Standard Life plc to acquire Aegon UK plc

Standard Life plc has agreed to acquire Aegon UK plc in a strategic acquisition valued at £2 billion. The transaction involves a mixed consideration of cash and shares, targeting the retirement savings and income sector within the United Kingdom. Announced on 15 April 2026, the deal represents a significant consolidation in the UK financial services landscape, bringing together two major players in the industry. The headline offer reflects the agreed valuation for the entire business without further breakdown of the specific split between equity and debt instruments in the public announcement.

The transaction remains in the firm intention stage and is currently subject to regulatory approval before completion. No definitive closing date has been confirmed at this time, pending the resolution of all necessary regulatory conditions and internal governance requirements. The parties have not yet disclosed the final timeline for the integration process or the specific operational changes that will follow the successful conclusion of the deal.