Selestia has entered the pensions market for the first time after receiving the relevant permission from Her Majesty's Revenue and Customs (HMRC).
Scottish Equitable International (SEI) is to replace three of their current offshore bonds with a new offering from early March.
Old Mutual says it will merge the open architecture systems by Selestia and Skandia and cut costs at Bankhall if its bid to buy Skandia Group for £3.3bn is successful.