Rothesay Life has refinanced £100m of debt with MassMutual, a US mutual life insurer.
The insurance company said the investment would take the form of perpetual subordinated debt, and confirmed the strength of its business model. The investment replaces existing debt and Rothesay said...
Tim Banks has been named as a senior consultant in the fiduciary management arm of Mercer in a newly-created role.
Vassos Vassou has been hired by Dalriada Trustees to grow business in London and the South East.
AXA Life Invest has hired a regional sales manager and eight retirement specialists to be advisers’ first point of contact for the firm’s drawdown products.
Chief financial officers (CFOs) are concerned they may have to sell their defined benefit (DB) assets at reduced prices to meet pension payments according to Hymans Robertson.