Vahey and Williams to leave Aegon in streamlining restructuring

Vahey: Leaving Aegon after 13 years as the firm streamlines its regulatory analysis and political affairs teams

Rachel Vahey, Aegon’s head of pensions development, is leaving the company as part of a streamlining of its regulatory analysis and political affairs teams.

Peter Williams, head of industry development, is also leaving Aegon after 33 years with the company.

Steven Cameron has been named as head of regulatory strategy and will be responsible for leading its external influencing and regulatory analysis team.

The changes are part of the company’s restructuring programme, announced in June 2010, which will see it focus its strategy on the two growth markets of at-retirement and workplace savings, and reduce operating costs by 25 per cent by the end of 2011. Aegon UK’s corporate affairs, business regulation and pensions development teams will be combined in a single team under Cameron.

Vahey joined Scottish Equitable in 1998. She took on the role of head of pensions development at Aegon in 2006 and had taken on much of the company’s public-facing responsibilities in the IFA community following the retirement of Stewart Ritchie.

Williams joined Scottish Equitable in 1977, before taking on his current role as head of industry development at Aegon, a position in which he has worked closely with the main IFA bodies including the Personal Finance Society and AIFA. Williams chairs the CII’s Qualifications, Examination and Assessment Committee, a position he will retain.

Francis McGee, head of corporate affairs also left the company at the end of last month.

Aegon UK finance director Clare Bousfield says: “I would like to thank Francis, Rachel and Peter for their valuable contribution to Aegon over the years and we and wish them every success in their future careers.”