Lloyds, Phoenix Submit Initial Bids for Aegon’s UK Unit

Lloyds Banking Group Plc and Phoenix Group Holdings Plc are among bidders for the UK arm of Dutch insurer Aegon Ltd., people familiar with the matter said.

They’re among parties that submitted initial offers this month, the people said, asking not to be identified because the information is private. Aegon UK has also attracted early interest from Great-West Lifeco Inc.’s Canada Life unit and Royal London, according to the people.