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pension schemes
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GPG Announced The Entire Shareholding Sale in TOWER Limited for £60.7million
Oct 9, 2013On 30 September 2013, GPG announced the sale of its entire shareholding (33.6%) in TOWER Limited for £60.7million (NZ$118.3 million). TOWER Limited represented the last material investment for GPG (excluding Coats) and the imminent ...
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L&G Is Planning to Purchase New Ireland Assurance's Existing Annuity Business
May 2, 2013Legal & General (L&G), the UK based diversified financial conglomerate, is planning to purchase New Ireland Assurance's existing annuity business as well as a fraction of its future business, in a deal valued at nearly 136m (£114m). ...
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Authorities Have Created a Framework for The Provision of Pension Software Solutions
Apr 19, 2013A number of local government administering authorities have created a framework for the provision of pension software solutions and issued a tender worth between £3m and £30m. The Official Journal of the European Union tender ...
Tags: Software, Computer Products
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Premier Foods Faces Six Key Challenges ,According to City Analyst Investec.
Mar 11, 2013Premier Foods faces six key challenges – including: managing consumer demand uncertainties, reducing its borrowing and grappling with its pension deficit – according to City analyst Investec. Commodity concern: Premier ...
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MetLife Is Likely in The Process of Selling Its UK Bulk Annuities Business
Feb 22, 2013US life insurer MetLife is likely in the process of selling its UK bulk annuities business, MetLife Assurance Limited, in a deal which might be valued around pound 1bn, in a bid to consolidate its operations. The sale is part of the ...
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EC to Impose Pension Changes That Would Cost UK Businesses £350bn and 180,000 Jobs
Dec 18, 2012The European Commission (EC) wants to impose pension changes that would cost UK businesses £350bn (eURO440bn) and 180,000 jobs, according to research commissioned by the Confederation of British Industry (CBI). Describing the ...
Tags: EC's Pension Proposals, Health, UK Business
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Akzo Nobel Has Signed a Longevity Insurance Deal Worth ?1.75bn with Zurich-Based Swiss Re
Dec 7, 2012Dutch's paint and chemicals group Akzo Nobel has signed a longevity insurance deal worth €1.75bn with Zurich-based Swiss Re, under which the reinsurer's UK subsidiary ReAssure will write the UK pension funds of Akzo. As per the ...
Tags: Akzo Nobel, longevity insurance, ReAssure, Towers Watson
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Cinven Is Planning to Launch Its Partnership Annuity Business
Dec 6, 2012London based private equity firm Cinven is planning to launch its Partnership annuity business, although the firm has not revealed the name of the new underwriting entity. Sources close to the matter told Financial Times that the private ...
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Pension Corp Has Raised Nearly ?300m by Disposing Schemes to Reinsurer Munich Re
Dec 4, 2012UK based Pension Corporation, the specialist insurer which manages pension schemes’ risks, has raised nearly £300m by disposing some of its pension schemes to reinsurer Munich Re. The Munich Re arrangement has been initiated ...
Tags: Pension Corp, Pension Corporation, specialist insurer, pension schemes
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Pension Corporation Has Raised Nearly 300m Pounds
Dec 4, 2012UK based Pension Corporation, the specialist insurer which manages pension schemes’ risks, has raised nearly 300m pounds by disposing some of its pension schemes to reinsurer Munich Re. The Munich Re arrangement has been initiated ...
Tags: pension, insurance, pension scheme, Munich Re