Company: AEGOF
Filing Date: 2025-02-20
Form Type: 6-K
Source: 0001193125-25-030100
Chunk: 8

Company: AEGON LTD.
Filing Date: 2025-02-20
Form: 6-K
Chunk 8
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| Institutional               |     |       |   |     |         |  74,779 |   |     |         |  68,910 |   |     |   |         9 |   |
| Traditional products        |     |       |   |     |         |  30,687 |   |     |         |  30,312 |   |     |   |         1 |   |
| Assets under Administration |     |       |   |     |         | 220,279 |   |     |         | 203,030 |   |     |   |         8 |   |

In the United Kingdom, Aegon aims to become the leading digital savings and retirement platform provider in the workplace and adviser markets. Strategic developments In April 2023, Aegon announced the sale of its UK individual protection book to Royal London, which supports Aegon’s strategy to focus on its core activities in the UK. The Part VII transfer of the individual protection policies was completed on July 1, 2024. Business update Net deposits Net deposits in the Workplace platform amounted to GBP 2.0 billion in the second half of 2024, compared with net deposits of GBP 0.3 billion in the same period of 2023. The increase in net deposits benefited from continued growing levels of inflows due to the onboarding of new schemes and higher regular contributions from existing schemes, while the prior year period was negatively impacted by the departure of a large, low-marginscheme. For the Adviser platform, net outflows amounted to GBP 1.8 billion in the second half of 2024, compared with net outflows of GBP 1.9 billion in the prior year period. This reflected continued elevated levels of customer withdrawals, and ongoing consolidation and vertical integration in non-targetadviser segments. As outlined at our June 2024 Teach-In,we have several initiatives in place that aim to return the Adviser platform to growth by 2028, including improving the platform experience and targeting of our top 500 financial advisers. Net outflows in Traditional products amounted to GBP 1.0 billion, compared with net outflows of GBP 0.7 billion in the same period of 2023, as this book gradually runs off. For the Institutional business, net outflows amounted to GBP 1.4 billion in the second half of 2024, compared with GBP 0.5 billion net outflows in the same