Landmark acquisition of Hearts of Oak by Reliance

Professional Pensions
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Acquisitive life and pensions group Reliance Mutual Insurance Society is taking over the Hearts of Oak Friendly Society following a change in tax laws.

The landmark deal – Reliance Mutual’s sixth acquisition since 2003 – was made possible through a technical change in tax law proposed in the December 2006 Pre-Budget Statement. Friendly societie...

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