Legal & General has bought pension-pot tracing and consolidation business MyFutureNow and announced its intention to make it available to IFAs seeking to provide the service to their clients.
The pension and investment giant said the acquisition, which was for an undisclosed price, would also support its retail retirement and defined contribution businesses, enabling customers to track down lost pots and provide an overview of their retirement investment assets The deal was structured so that Legal & General Retail Retirement purchased, for an undisclosed price, a 100% stake in Finovation Limited, which trades as MyFutureNow. The business provides a service that allows people to trace their lost or forgotten pension pots - for example, from past employers. Legal & General ...
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