Rothesay Life has entered into talks to buy Aegon's £8bn ($11.57bn) annuity book according to Sky News.
The move follows reports last month that rival Legal & General was competing with Rothesay Life to buy Aegon's book. The annuity sale by the Dutch company had been on the cards for several months since...
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.