Phoenix Group looks to acquire rival ReAssure for £3.2bn

Phoenix Group has laid down a proposal to acquire rival life insurer ReAssure Group in a £3.2bn cash and shares deal.
This would see the newly minted FTSE 100 constituent reach total assets under administration of £329bn and confirm it as Europe's largest pensions consolidator. The agreement as it stands would bring...
More on Industry
Sammons Salary Survey 2020: Confidence over career moves growing
As Sammons Pensions Recruitment publishes its 2020 Salary Survey, Sarah Bergin-McCarthy finds the current climate is not hampering regrowth.
Chris Sier fintech ClearGlass Analytics closes £2.6m seed funding round
ClearGlass Analytics has closed a £2.6m funding round as it delivers greater accountability to pension funds and the wider asset management market.
Royal London pension sales feel Covid bite
Life and pensions new business sales at Royal London were 20% lower in 2020 due to the impact of national lockdowns on the UK economy.
Five stories you may have missed this week
This week’s top stories included the chancellor’s freezing of the lifetime allowance in the Spring Budget, along with the industry’s unfavourable response to the move.
KPMG employer covenant team acquired by private equity firm H.I.G Europe
The restructuring division of KPMG, including its employer covenant team, will be acquired by H.I.G Europe.