British underwriter Rothesay Life is in exclusive talks to
shop for the nine billion pound ($13 billion) kingdom rente book of Dutch
nondepository financial institution Aegon, a supply conversant in the matter
aforesaid on Friday.
Pensions reforms in United Kingdom of Great Britain and
Northern Ireland have halved the sales of annuities, that provides a mounted
financial gain for keeps, as over-55s not have to be compelled to use their
pension pots to shop for them. however specialist corporations will use
technology and economies of scale to get money from existing annuities, trade
specialists say.
Aegon aforesaid in Sep it absolutely was reviewing its rente
business.
Rothesay Life's backers embody Blackstone and nihilist
Sachs.
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