pension
Rothesay Life rakes in £900m in new funding
British insurer Rothesay Life has secured £900m of fresh funding to support its business expansion. The £900m ($1.1bn) funding support…
Raisin snaps up German pension specialist Fairr
German deposit and investment marketplace Raisin has acquired home-grown pension specialist Fairr for an undisclosed sum. Founded in 2013, Fairr…
Legal & General acquires pension pot tracing specialist MyFutureNow
Legal & General Retail Retirement (LGRR), a business unit of British insurer Legal & General (L&G), has purchased pension pot…
UK’s FCA fines Standard Life Assurance $38.5m over pension sales failures
The UK Financial Conduct Authority (FCA) has imposed a penalty of $38.5m (£30m) against Standard Life Assurance for wrongly selling…
Monument Re completes acquisition of Nordben Life and Pension Insurance
Bermudian reinsurance firm Monument Re has wrapped up the previously announced takeover of Nordben Life and Pension Insurance from BenCo…
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L&G unveils blockchain-powered reinsurance platform for pension risk transfer
British insurer Legal & General (L&G) Group has introduced a pension risk transfer (PRT) reinsurance platform based on blockchain technology.…
Royal London divests pension admin business to XPS Pensions Group
Royal London has offloaded its pension administration subsidiary, RL Corporate Pension Services, to XPS Pensions Group. The all-cash deal is…