Existing protection distribution director Martin Williamson has entered a consultation process and may be considered for the new role of distribution development director or for another position elsewhere in the business, while John Wilkinson has left the company.
As part of the changes, the group has created six new roles in the distribution team, including a head of protection sales.
Dougy Grant (pictured), previously retail strategy director, has been appointed as protection director.
Aegon UK said protection will now become a single end-to-end business within the group.
Duncan Jarrett, managing director of retail and at-retirement at Aegon UK, said: “There is great potential in the protection market and it’s well aligned to the rest of 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.