Aegon U.K.’s Peter Williams and Rachel Vahey have resigned from their roles, Money Marketing reports. Williams was the head of industry development, while Vahey was the head of pensions development at Aegon.

The company is undergoing a restructuring program to reduce its operating costs by 25% by 2011. As part of the program, Aegon will combine its corporate affairs, business regulation and pensions development teams into a single team.

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