105 Variable compensation schedule Variable compensation 2013 Risk adjustment methodology (ex-ante) Variable compensation is initially granted based on performance,  as measured against Aegon group targets and personal  objectives. These objectives represent a mix of financial and non- financial measures, providing an accurate and reliable reflection  of corporate and individual performance. The mix of group  measures versus personal performance measures is 75%-25%. At the end of the performance period, but prior to allocation of  variable compensation, the Supervisory Board will assess  whether (downward) modifications are needed. For this purpose,  quantitative and qualitative measures at group, regional unit and  individual level will be taken into account, such as: Each year a one-year target will be set for each performance  indicator. At an aggregate level, payments are made as follows: ■ 50% of the maximum variable compensation if the threshold  target is reached; ■ 80% if the pre-determined performance targets are met; ■ Up to 100% if the targets are exceeded. ■ Breaches of laws and regulations; ■ Breaches of internal risk policies (including compliance); ■ SOX significant deficiencies or material weaknesses; ■ Reputation damage due to risk events. Objectives Maximum % of variable  compensation Performance indicator Group financial IFRS based 30% Group underlying earnings after tax, return on equity Group financial risk adjusted based 30% Group market consistent value of new business 2013, group  pre-tax return on required capital 2013 Group sustainability 15% Objective measuring corporate responsibility Personal objectives 25% Individual basket of strategic and personal objectives related  to Aegon's strategy