UK - Beleaguered insurer Royal & SunAlliance is to sell its group risk business to Canada Life for £60m.
The disposal follows several months after it sold its asset management business to Friends Ivory & Sime for £28m.
R&SA group chief executive Bob Mendelsohn said: “Given our increasing focus on general insurance, we believe the time is right for ownership to pass to a company with a strong life focus.”
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.