Scottish Equitable

From Wikipedia, the free encyclopedia

Scottish Equitable
Type	Public
Founded	1831
Headquarters	Edinburgh, Scotland, UK
Key people	Otto Thoresen, CEO
Industry	Insurance
Products	Life insurance
Employees	27,000
Website	www.aegonse.co.uk

Scottish Equitable is an investment company located in Edinburgh, Scotland.

Founded in 1831, Scottish Equitable has grown steadily in size and expertise to become one of the most experienced companies in the financial sector. Scottish Equitable are a brand of Aegon UK. Scottish Equitable was re-branded as AEGON Scottish Equitable in 2006, incorporating the parent company name for the first time.

[edit] Awards

Scottish Equitable picked up six awards for technology from Money Marketing in 2005 for individual pensions, self-invested personal pensions, income drawdown, group pensions and two separate awards for A-day online capabilities. These awards were all triple 'e' rated, which is the highest score available.

Scottish Equitable International won the International Insurance Excellence Award at the 2005 KPMG/Business and Finance Awards.

Awarded Group Pensions Provider of the Year 2005 at the Financial Adviser Life and Pensions Awards. This award is voted for by financial advisers, who were asked to rate Scottish Equitable in relation to competitive rates, product innovation, sales, marketing and PR, and charges and financial adviser support. At the same awards ceremony, they came third in the Pension Provider of the Year category.

Scottish Equitable however, ceased to be what was once known as a 'Friendly Society' and was floated on the London Stock Exchenge in the early 90s under dubius financial circumstances.

[edit] Property fund withdrawals frozen

On January 17 2008 the company closed its commercial property fund to most withdrawals after slumping property prices brought about panic selling by small investors.[1]