Rothesay Life to acquire £860m equity release portfolio as PRA seeks higher security for asset

Victoria Tichá
clock • 1 min read

Rothesay Life has purchased an £860m portfolio of equity release loans as the Prudential Regulation Authority (PRA) is due to end its consultation on insurers' use of the asset to back business.

Rothesay Life will acquire the assets and risks associated with approximately 6,200 equity release mortgages from holding company UK Asset Resolution. The transaction is due to be completed within ...

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