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AEGON UK: 3.5% merit pot for staff

Key details

Pay award: 3.5% merit budget

Employees covered (nos.): staff (4,000)

Effective date: 1 January 2006

Life, pensions and investment company AEGON UK has awarded its 4,000 UK employees merit pay increases from a 3.5% pot, with some additional funding provided where a specific business need was identified. Pay awards were effective from 1 January 2006.