Partnership and Rothschild in £150m commercial mortgage tie up

Jenna Towler
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Annuity provider Partnership has signed an investment management agreement with Rothschild to invest £150m in commercial mortgages as it announced a significant fall in annuity sales.

Annuity contract sales at the business have been hit by George Osborne's sweeping Budget changes. Interim results showed sales fell to £334m in the first half of the year, compared to almost £600m for...

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