Scottish Friendly completes Canada Life pension book acquisition

AUM increase by £2.4bn

Sophie King
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Jim Galbraith: "We are delighted to have completed this process and welcome transferring Canada Life customers to Scottish Friendly.”
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Jim Galbraith: "We are delighted to have completed this process and welcome transferring Canada Life customers to Scottish Friendly.”

Mutual Scottish Friendly has completed the acquisition of a back book of life and pension policies from financial services provider Canada Life.

The deal has seen its assets under management (AUM) increase by £2.4bn to more than £5bn. Its membership has increased by some 127,000. Scottish Friendly said it would ensure all transferring customer...

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