Aegon shareholders have approved the company’s plan to redomicile in the US, clearing the main hurdle for the Dutch-founded group to reincorporate in Delaware and rebrand as Transamerica Inc.
At an extraordinary general meeting, shareholders backed the redomiciliation and an omnibus incentive plan. That gives Aegon the mandate to move its legal seat from Bermuda to Delaware and its head office from the Netherlands to New York.
For UK advisers, the move confirms a direction already set by the group’s other major decision this year: the sale of Aegon UK.
Aegon agreed in April to sell Aegon UK to Standard Life, following a strategic review launched when the US move was first announced in December 2025. Aegon UK, which serves about 3.8 million customers through its workplace and adviser platforms, is now accounted for as a business held for sale, and no longer contributes to the group’s operating result.
Until the transaction completes, Aegon UK continues to serve advisers and their clients with no change to products, platforms or service standards. The sale does not include Aegon Asset Management, which will remain part of the group and continue as an asset management partner to the combined Standard Life and Aegon UK business after completion.
The redomiciliation itself carries no operational implications for Aegon UK or the timeline of the Standard Life deal.
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Aegon said it expects to repurchase all Common Shares B held by its largest shareholder, Vereniging Aegon, on October 15, in exchange for common shares with equal voting rights on a 40-to-1 basis. Interim bye-laws approved at the meeting will take effect at that point. Vereniging Aegon will be renamed Vereniging Aegon Americas and will keep a stake of about 18.4%. Its charitable activities in the Netherlands will continue through a newly established foundation, Stichting Aegon Fonds Nederland.
The company first announced the plan at its Capital Markets Day in December 2025, describing it as a way to sharpen its focus on the US life insurance and retirement market. According to Aegon’s shareholder materials, Transamerica accounts for about 80% of its operations.
Under the plan, Aegon will continue as Transamerica Inc., a Delaware corporation, keeping its legal personality and converting its existing common shares into Transamerica stock. The New York Stock Exchange is expected to become the primary listing, with a listing retained on Euronext Amsterdam for the time being.
Aegon also plans to become a US tax resident and to switch from IFRS to US GAAP reporting from its full-year 2027 results. It has said the transition should be completed by January 2028. In June, it chose New York City for its corporate headquarters, and chief executive Lard Friese will relocate to the US at the beginning of 2027.
The move will also change how the group is regulated. Aegon has said the lead and scope of group supervision will be reassessed by the relevant regulators at the time of the redomiciliation, and that it will move from a consolidated solvency view to entity-based capital ratios and ratings, the approach US insurers typically use.
For advisers with clients on Aegon UK’s platforms, the redomiciliation is largely background. The change that matters is the move to Standard Life ownership, and the practical questions sit there: when the deal completes, how and when platforms and products will be integrated, and what continuity Standard Life will offer on charges, investment options and service.
Advisers should also keep an eye on Scottish Equitable plc, Aegon UK’s primary insurance entity, through the transition. Its Solvency UK ratio has remained above its operating level, according to Aegon’s half-year results, and any change in its financial strength under new ownership will matter to advisers recommending it.
For the wider UK market, the vote confirms that one of the best-known names in UK workplace pensions and platforms is leaving the UK retail market, though Aegon will keep a UK presence through its asset management business.
