Life and pensions giant Prudential is set to buy Equitable Life's £1.8bn portfolio of in-force with-profits annuities.
The transaction is subject to a vote by Equitable policyholders as well as regulatory and court approval but if it goes ahead the book of business will transfer into Prudential’s with-profits fund ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date