Equitable Life to sell £1.8bn with-profits annuity book to Prudential

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PRUDENTIAL is set to buy Equitable Life's £1.8bn portfolio of in-force with-profits annuities.

The transaction – subject to a vote among Equitable policyholders as well as regulatory and court approval – will mean that Equitable’s book of with-profits annuities would transfer into Prudential...

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