Resolution eyes £2.75bn AXA deal
Resolution Group, the consolidation vehicle which bought Friends Provident last year, is in talks to buy AXA UK's annuity, protection and group pensions business for £2.75bn.
It is understood the group, led by entrepreneur Clive Cowdery, is speaking to investors about a huge rights issue to fund the deal which it hopes to wrap up in the next fortnight. If the transaction...
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This week’s top stories included the launch of Punter Southall’s defined benefit scheme consolidator, while The Pensions Regulator laid down three ‘gateway principles’ for superfund transfers.
