Your defined contribution AXA pension

High Court approves BlackRock to Aegon transfer

25 June 2018

BlackRock Life Limited, who look after the AXA UK defined contribution sections, announced in May 2016, its agreement for Aegon (a brand name of Scottish Equitable Plc) to acquire the majority its UK defined contribution administration business. The High Court has now approved the transfer proposals and your pension arrangement will transfer on 1 July 2018.

What does this mean for your pension?

Not a lot! Your pension will not change or be adversely affected in anyway as a result of this transfer. The only difference you should notice is that when you receive letters, call up the administrators or log onto the website, the name ‘Aegon’ will be used instead of ‘BlackRock’.

To reassure you, your pension contributions, investments and the options available to you will be unchanged.

Who do I contact?

If you’ve got any concerns, or need to contact Aegon, the telephone number remains the same but there is a new address, email and website address for you to use. See the contact us section.