Partnership set for IPO

Jenna Towler
clock

Partnership Assurance is to float on the London Stock Exchange.

The enhanced annuity provider said it would proceed with an initial public offering (IPO) as the market for non-standard annuities continues to grow rapidly. For the year ended 31 December 2012, the group generated operating profit of £112m, a 56% per annum increase since 2010. Partnership expects to get about £105m from the IPO. The company said it would not receive the proceeds from the sale of existing ordinary shares by the selling shareholders as part of the IPO. The principal uses of the net proceeds of the IPO received by Partnership are for the repayment in full of:     ◦    ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Income

Smoothing the dash to drawdown: Defending against sequencing risk and volatility drag

Smoothing the dash to drawdown: Defending against sequencing risk and volatility drag

'A new class of on-platform smoothed funds could be particularly useful'

James Tothill
clock 25 November 2025 • 4 min read
Doug Brodie: Using investment trusts to solve the drawdown problem

Doug Brodie: Using investment trusts to solve the drawdown problem

Part one in a series...

Doug Brodie
clock 14 November 2025 • 4 min read
'A hard act to beat': Annuity pricing and value for money

'A hard act to beat': Annuity pricing and value for money

‘People cannot have their cake and eat it (although they try)’

William Burrows
clock 04 November 2025 • 5 min read