Another date failure! This time Aegon!

Received Thursday 22 November 2012 - please note the footer: Named Pension Law firm 2012, Global Pension Law Firm of the Year 2011 - WOW! It's a bloody good job we're not waiting on any of the opposition is all I can say!
Postscript to this, I looked up Global Pensions Magazine on Wikipedia, it closed in November 2011!
I have now emailed the Financial Times contact and passed on a link to this blog - I wonder if they'll win next year?

Dear Mr Nichols,

As per Philip’s email below, L&G provided the Acceptance Data Request (ADR) forms to Aegon on 9 November 2012. This was on the revised agreed date, albeit it was later than the date originally agreed. I am disappointed to have to report that, having contacted Aegon to confirm the buy-out date, the buy will not happen this year. Aegon has confirmed that its current workload is such it is now unable to process the re-balance quotation before the end of this year.

However, Aegon has managed to move around some of the work scheduled for the first quarter of 2013 so that they can hopefully issue the re-balance quotation in mid to late February 2013. We have responded expressing our disappointment and that our understanding was that Aegon was “reserving” a buy-out date for us on the basis of receiving the data by 9 November 2012. I have requested confirmation of a buy-out date in February so that this does not slip. I will confirm this to you as soon as possible.

I appreciate this is frustrating and am doing all I can to formally agree a buy-out date with Aegon.

Kind regards,

Kate

Kate-Emma Leavesley
Associate
kate.leavesley@squiresanders.com T +44 121 222 3366
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Named Pensions Law Firm 2012 in the Pension and Investment Provider Awards, Financial Times Group

Named Global Pensions Law Firm of the Year 2011 by Global Pensions Magazine