ReAssure SIPP book among assets sold to Phoenix Group

As it stands the agreement would bring £84bn in AUA and some 4.1 million ReAssure policies under the Phoenix umbrella for its heritage business. The deal will see the new FTSE 100 constituent reach total assets under administration (AUA) of £329bn and confirm it as Europe's largest pensions consolidator. A Phoenix spokesperson said the acquisition would not have an impact on ReAssure's advisers SIPP customers. Phoenix will also retain ReAssure's Alpha platform for the near future. The spokesperson from Phoenix added: "Advisers and customers or anything like that, of the ReAssure book,...