Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Aegon N.V.    AGN   NL0000303709

AEGON N.V.

(AGN)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 11/27 09:54:24 am
3.1 EUR   -0.19%
11/23European Insurers Gear Up to Do Deals
DJ
11/16AEGON N : Nanne Bos to join Aegon as Chief Communications Officer
PU
11/12AEGON N.V. : Crossing thresholds
CO
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Bank of England urges hard line on property funds

10/08/2020 | 07:23am EST
FILE PHOTO: The Bank of England in London, Britain

LONDON (Reuters) - The Bank of England (BoE) on Thursday backed plans to make investors wait up to six months before getting money back from property funds, saying there could be benefits from an even longer delay.

Most property funds in Britain remain suspended since a lockdown began in March to fight the coronavirus pandemic, even though many of the funds offer daily redemptions.

The Financial Conduct Authority (FCA) has proposed that a wait of up to six months for redemptions could avoid a stampede by investors and widespread fund suspensions in future.

The BoE's Financial Policy Committee, on which the FCA sits, had already set out principles for a better alignment between redemption periods and ability to sell assets in the fund to meet cash calls.

"The FPC considered that, from the perspective of financial stability... there would be benefits from extending notice periods to at least as far as the range proposed in the consultation," it said in a statement on Thursday.

The "disruptive dash for cash" seen in markets in March meant there is a need to examine the "mismatch" between redemption terms and the liquidity of assets in money market funds as well, it said.

Global regulators are already looking at this issue.

The non-bank financial system will always have some need for additional liquidity in times of stress and this should be done in ways that avoid forced sales of assets and disruption to markets, it said.

The committee said it was important to examine whether central banks should have facilities to provide liquidity to the wider financial system in times of stress, as they already do with banks.

"Any such backstop of liquidity would need to be provided in a way that is not just effective and efficient but that also, through appropriate pricing and accompanying regulatory requirements, reduces incentives for excessive risk taking in the future."

(Reporting by Huw Jones;Editing by Elaine Hardcastle)

By Huw Jones


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AEGON N.V. -0.06% 3.107 Delayed Quote.-23.63%
AVIVA PLC -0.70% 325 Delayed Quote.-21.95%
M&G PLC 0.62% 194.15 Delayed Quote.-18.72%
STANDARD LIFE ABERDEEN PLC 0.33% 271 Delayed Quote.-17.77%
All news about AEGON N.V.
11/23European Insurers Gear Up to Do Deals
DJ
11/16AEGON N : Nanne Bos to join Aegon as Chief Communications Officer
PU
11/12AEGON N.V. : Crossing thresholds
CO
11/06AEGON N.V. : Crossing thresholds
CO
10/30AEGON N : Frans Blom to join Aegon's Supervisory Board
PU
10/30AEGON N : Frans Blom to join Aegon's Supervisory Board
BU
10/29AEGON N : San Francisco's Transamerica Pyramid sold for $650 million
AQ
10/29AEGON N : San Francisco's Transamerica Pyramid sold for $650 million
AQ
10/29AEGON N : sells the Pyramid building complex in San Francisco
PU
10/29AEGON N : sells the Pyramid building complex in San Francisco
PU
More news
Financials
Sales 2020 20 599 M 24 563 M 24 563 M
Net income 2020 667 M 795 M 795 M
Net Debt 2020 3 670 M 4 376 M 4 376 M
P/E ratio 2020 9,23x
Yield 2020 4,63%
Capitalization 6 278 M 7 474 M 7 486 M
EV / Sales 2020 0,48x
EV / Sales 2021 0,42x
Nbr of Employees 23 536
Free-Float 82,9%
Chart AEGON N.V.
Duration : Period :
Aegon N.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AEGON N.V.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 3,10 €
Last Close Price 3,11 €
Spread / Highest target 70,6%
Spread / Average Target -0,21%
Spread / Lowest Target -35,6%
EPS Revisions
Managers
NameTitle
Eilard Friese Chief Executive Officer
William L. Connelly Chairman-Supervisory Board
Matthew James Rider Chief Financial Officer
Mark H. Bloom Global Chief Technology Officer
Ben van der Veer Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
AEGON N.V.-23.63%7 474
AXA-21.19%56 157
METLIFE, INC.-6.30%42 982
PRUDENTIAL PLC-15.87%42 230
MANULIFE FINANCIAL CORPORATION-15.67%33 233
AFLAC INCORPORATED-13.78%32 039