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Scottish Equitable PLC


Scottish Equitable plc is a subsidiary and a trading name of Aegon UK, part of the Dutch multinational group of asset management, pensions and life insurance providers. For that reason, it is also sometimes known as Aegon Scottish Equitable.

The Aegon Group has headquarters in The Hague, in Holland, and is listed as one of the biggest insurance groups in the world, with profits exceeding €1.5 million according to its returns for the last year end in 2013.

The Aegon Group was founded relatively recently – 1n 1983 – through the merger of two Dutch companies and a number of mergers from which Aegon gained its name: AGO Holding N.V. (which had been formed through the merger of Algemeene Friesche, Oliveh and Grrot-Noordhollandsche, and Eigen Hulp in 1968) and Ennia N.V. (formed through the merger of Nillmij and Eerste Nederlandsche in 1969).

This is the group that acquired Scottish Equitable in 1994, an Edinburgh based company originally known as the Scottish Equitable Life Assurance Society since its founding in 1831. Continuing the principal focus of its marketed products, Scottish Equitable – which continues to be based in Edinburgh – focuses on the provision of life insurance, pensions, investments and financial advice.

The Company also maintains premises in central London and a customer service centre at Lytham St Anne’s in Lancashire.

Scottish Equitable claims a customer base of more than 2 million in the UK and employees some 3,000 people.

In 1999 Aegon acquired a further major UK life insurance company, Guardian Royal Exchange, and in the same year also bought the US Transamerica Corporation.

In October 2008 the Dutch government and its central bank provided a significant capital injection to the Aegon Group to help rescue it from the immediate effects of the financial crisis. This was repaid by the Group by June of 2011.

Landlord insurance

Landlord insurance is a specialist form of cover designed for those running a buy to let business.  Typically, it does this by:

  • safeguarding the property and its contents in which the landlord has invested;
  • ensuring that public liability or property owner’s liability is sufficient to meet third party claims;
  • providing employer’s liability cover in cases where that is appropriate;
  • and – often – compensation for loss of rental income following an insured event.

In this way, landlord insurance typically safeguards both the capital investment and the income stream on which the business relies.

Scottish Equitable landlord insurance

Scottish Equitable does not offer landlord insurance.

The product that might interest those running a buy to let business is the insurer’s Business Protection cover which provides financial security in the event of the death of a key individual in your business, his or her diagnosis of a prescribed critical illness or your loss of profits or income due to any accident or sickness.