Quilter Life Assurance sold to ReAssure for £425m
'Quilter an advice-led business'
Paul Feeney: “The Quilter board is currently minded to return a meaningful proportion of the net surplus proceeds arising from the transaction to shareholders."
Quilter has sold its heritage life and pensions devision, Old Mutual Wealth Life Assurance Ltd, to ReAssure for £425m.
Quilter said the sale, which had an "attractive valuation", would solidify its position as an advice-led and modern wealth manager. Quilter Life Assurance, a closed book of unit-linked policies, was...
More on Companies
Phoenix Group ends European business sale talks
£550m deal will not progress
AHR Private Clients hires trio of advisers
Ambitious growth plans
Mattioli Woods fuels growth with two major acquisitions
Private equity investor and NW advice business
Just Wealth fuels growth with 13 adviser hires
Further 15 hires planned this year
Back to Top
More news
Barrie Dawson: Advising trustees is a different ball game
Five key points
Quilter to make hundreds of redundancies in move to cut costs - reports
400 to be made redundant
True Potential eyes $2bn US flotation - reports
Wealth manager also considering sale
Claire Trott: Why flat-rate tax relief is not a pensions 'quick fix'
'On the surface, flat-rate tax relief is very appealing'
