Aegon UK has announced the redundancy of its Protection Distribution Director and plans to take on new hires, as it embarks on restructuring its Protection business.
The firm said protection will now become a single end to end business with increased focus, accountability and distribution capacity.
John Wilkinson, protection director at Aegon, who was previously responsible for the protection proposition, has now left the company.
The Protection Distribution Director role, held by Martin Williamson has been proposed redundant.
Dougy Grant (pictured), previously Retail Strategy Director, has been appointed as Aegon UK's new Protection Director.
This role now takes on the responsibility for the entire Protection business.
Additional distribution capacity is being created with six new roles in the distribution team, including a Distribution Development Director and a Head of Protection Sales.
Duncan Jarrett, managing director of Retail and At Retirement at Aegon UK, said: "Protection remains a core part of the Aegon UK strategy. Recent investment in the proposition has driven strong results and these improvements will continue.
"Aegon's ambition is to get the UK ready for retirement and Protection is a key part in making sure that those plans are robust enough so that when the unthinkable happens, our customers can concentrate on what matters without worrying about money.
"There is great potential in the Protection market and it's well aligned to the rest the Aegon UK proposition. I'm confident the changes we've announced today will help continue our drive back into this market."
No other roles will be affected by these changes and Aegon will be recruiting for the six new roles in the Protection distribution team, immediately.
