Exit Options for John Hancock Bond and Corporate Finance Group: Hanover Communications In... - 28 Strategic Investors

View x

Britain’s Phoenix Group Holdings is looking to buy Guardian Financial Services, in a deal that could be the third biggest this year, for the UK insurance market

Britain’s largest owner of life assurance finds, Phoenix Group Holdings is in talks to buy Guardian Financial Services. This comes at a time when life insurers in the UK are adapting to an overhaul of taxation rules which give retirees more control over their pension pots, no longer compelling them to buy annuities on retirement. If finalised, this could be the third big deal this year in the UK life insurance market after Aviva’s acquisition of Friends Life and the merger of Just Retirement and Partnership Assurance. According to market analysts, a takeover of Guardian would bring assets worth about 18 billion pounds to Phoenix, adding to its assets under management of 52 billion pounds.

Tags:

M&A,Guardian Financial Services,Phoenix Group Holdings

Why should I add a proposition?

  • Find counterparties that match your capital requirement or investment criteria
  • Get verified, vetted and analyst-picked introductions to relevant propositions
  • Generate new relationships
  • Add Proposition

Aurigin Updates

  • BB0019815 added a requirement 4 hours ago

  • BB0067878 got introduced to BB0066822 4 hours ago

  • BB0058721 received an introduction for this Proposition 2 days ago

  • BB0059536 received an introduction for this Proposition 2 days ago

  • BB0059536 requested for a profile disclosure for this Proposition 2 days ago

© Copyright 2023 AURIGIN, All rights reserved.

Securities are offered through Finalis Securities LLC, member of FINRA / SIPC. Aurigin is not a registered broker-dealer, and Finalis Securities LLC and Aurigin are separate, unaffiliated entities.

www.aurigininc.com is a website operated by Aurigin Inc., a privately held Delaware corporation. Aurigin provides deal origination services.