Integration of Aegon NL

Throughout the year, there was frequent contact between the COR a.s.r. and the EB and the MB, on the progress of the integration of Aegon NL. This was also regularly discussed with the Supervisory Board (SB). The employee participation bodies regularly discussed employee concerns with management at various organisational levels, especially as the impact of the integration was experienced differently in different places in the organisation. Amongst others, the impact of the foreseen closure of the office in Leeuwarden was a topic in several meetings between management and the COR a.s.r. and the relevant OCs and ORs. Furthermore, considerable attention was given to topics such as the development of sick leave, employee turnover and the development of the organisational culture.

Throughout the year, 18 requests for advice relating to the integration of Aegon NL were submitted to the COR a.s.r. All requests for advice relating to the integration of Aegon NL fall under the auspices of the COR a.s.r. To deal with the requests for advice, working groups were formed for each division of a.s.r., with members of the OCs, the relevant OR(s), two COR a.s.r. members and a secretary.

The working group members list their own questions and comments and then contact their colleagues from the relevant division to include their questions and concerns when assessing the application. This often leads to questions, which are subsequently discussed with the manager in question. Once the questions have been adequately addressed, the working group provides preliminary advice, which is submitted to the COR a.s.r. For some business units, the requests for advice relating to integration have (largely) been completed, while for some others, additional requests for advice are still expected throughout 2025 and beyond.

Other topics

Both the COR a.s.r. and the Knab Works Council were involved in the advisory process surrounding the sale of Knab. In this regard, there was regular communication between both bodies.

In addition, the Works Council advised on the appointment of Bob Elfring as a Member of the SB.

Furthermore, a number of internal regulations were reviewed during the course of the year. The COR a.s.r. consented to the update of the Whistleblowing Scheme (Klokkenluidersregeling) and was informed about changes in the policy on dealing with inside information and private transactions in financial instruments (Regeling omgang met voorwetenschap en privétransacties in financiële instrumenten ). The Central Works Council also reviewed the personnel regulations in 2024.

Lastly, a considerable amount of time was spent on designing the employee participation for the future. In early 2025, the new, fully integrated structure will be implemented and elections will be held for the employee participation bodies for 2025-2027.