Pension provider Aegon has bought financial engagement and communications business Pension Geeks for an undisclosed sum.
Pension Geeks was set up in 2014 and specialises in building bespoke events and programmes for employers and financial services providers to encourage people to engage with their finances.
Aegon has had a partnership with the firm since 2018, and after the competition of the M&A deal, Pension Geeks will continue to work independently while having access to Aegon’s investment and resources.
Backing
Jonathan Bland, Pension Geek’s co-founder, said: “Today represents a major milestone for the business and I’m thrilled that our future is with a partner that has been instrumental to our growth in recent years.
“Aegon’s commitment to helping customers achieve financial security is so aligned with our mission, so the cultural fit is absolutely perfect for us.
“Part of our success comes from the bold and creative culture we’ve established at Pension Geeks and with Aegon, we will continue to break the status quo with fresh and out of the box thinking when communicating financial topics.
“We’ve been into over 200 workplaces and spoken to thousands of people across the country about their savings and what we’ve found is that with the right approach and a bit of energy people will open up and ultimately leave conversations empowered about their savings.
“Having the investment, resource and backing from a huge global financial services provider like Aegon just means we can do more of this fantastic work. We can help more people and service more clients – that’s what excites me. I can’t wait for the next chapter.”
‘A lot to learn’
Mike Holliday-Williams, Aegon UK chief executive, added: “We’ve been massive fans of the Pension Geeks work for a number of years and have seen first-hand how powerful and popular their communications and events are with people.
“Strategically, customer centricity is a significant focus for us, and we’ve invested heavily in member experience and personalised communications recently, so today’s acquisition further strengthens our capability in these areas.
“We’re keen they retain the independence that has made the business the success it is today, and it will therefore operate separately to the main business but with the ability to draw on the investment and resource it needs to grow.
“We think there’s a lot we can learn from the work the Pension Geeks have done in recent years and ultimately believe our partnership will help improve our customers’ financial wellbeing.”
