Bulk-buyout firm denies reports of Telent fund bid

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NEWLY-LAUNCHED annuity buyout specialist Synesis Life has "categorically" denied reports it is bidding for the £2.7bn Telent pension fund.

Chief executive Isabel Hudson told PP last month that Synesis – which secured “vast” funding from Warburg Pincus, Royal Bank of Scotland and JPMorgan – would target pension liabilities of between £...

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