Aviva is considering selling a chunk of the billions of pounds worth of UK pension assets it owns as it looks to boost the amount of capital it holds on its balance sheet, according to reports.
The FTSE 100 insurance group is exploring whether to raise funds by offloading some of its back book of annuities, according to the Daily Telegraph. Potential bidders could include industry consolidators...
Payouts fell by 44% in 2020
12-month CPI inflation rate rises to 0.6%
Standard Life adviser survey
Sights set on 2% inflation target
Managers plea for clarity over passporting rights
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
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