Aegon UK has revealed that chief executive Adrian Grace is to step down after 10 years at the helm.

Aegon has reported a sharp rise in platform assets in the first half to £140bn as it completed its integration with acquisition Cofunds.

The trade union representing workers at Aegon has expressed relief that 800 UK jobs will not go offshore, as the company outsourced administration services to Atos.

Aegon has appointed Ed Dymott to the newly-created role of managing director for transformation, innovation and growth.