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Brookfield already has a substantial investment presence in the UK through its investments in firms such as Canary Wharf Group, where its UK office is also based.
Brookfield Wealth Solutions is entering the UK insurance market to focus on delivering bulk annuity solutions for UK pension schemes following an approval process carried out by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA).
The insurer said it is expected to begin operations later in the first quarter subject to final regulatory approvals and will operate under the Blumont Annuity UK brand. Brookfield's move into t...
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