Legal & General Group is to sell its closed mature savings business to the ReAssure division of Swiss Re for £650m.
The insurers said the business being sold was largely made up of retail customers who hold traditional insurance based pensions, savings and investment products. Its assets at H1 2017 of £33bn include...
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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