Aegon UK announces acquisition of Momentum Financial Services Ltd.

AEGON UK plc has today announced that it has aquired 100% of Momentum Financial Services Limited (Momentum), the Independent Financial Adviser (IFA), for an undisclosed amount.

Momentum, head office based in Farnborough, Hampshire, was established in August 2000 through an MBO from Aon. The company currently employs 230 staff, including 80 Approved Advisers, and provides national coverage through nine UK offices. In addition it also has a tele-adviser function, Momentum Direct. As one of the leading national IFAs in the UK, Momentum has achieved significant growth by focusing on the corporate market, winning awards for its excellence of service to clients.

Momentum will join AEGON UK as part of the new business unit, AEGON UK Distribution Holdings, alongside Wentworth Rose and Advisory & Brokerage.

Momentum will retain its existing identity and have its own Board. Peter Dornan, Managing Director of AEGON UK Distribution will join the Board of Momentum, Douglas Claisse will remain as Non Executive Chairman and Paul Johnston will continue as Managing Director.

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(spurce: Aegon)

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