Pension and protection provider Aegon's platform assets have reached £11.2bn (€13bn) at the end of the third quarter.
The firm announced today (10 November) it is accelerating the upgrading of customers from its backbook to its platform.
Aegon has upgraded over 50,000 existing customers and £1.3bn (€1.5bn) of their assets to its platform in the third quarter, contributing to the £1.7bn (€1.9 bn) of net platform inflows achieved by the firm.
According to the firm, these figures confirm Aegon's platform "as one of the fastest growing in the market".
Earlier this year, Aegon announced the acquisition of BlackRock's defined contribution pension platform business.
As of the third quarter this year, Aegon is administering BlackRock's DC pension business, though the legal transfer process is expected to be completed in the first half of 2018.
Aegon also acquired Cofunds earlier this year in a £140m purchase, and the deal is expected to close in December 2016.
On a global level, Aegon's return on equity increased to 7.7 per cent in the third quarter of 2016, and gross deposits increased by 7 per cent, the latter of which the firm said was driven by the UK platform and savings in the Netherlands.
ruth.gillbe@ft.com
