Insurance firm launched to challenge buyout market

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The Pensions Regulator's former chairman David Norgrove has launched an insurance company that aims to cut the cost of buyouts by encouraging sponsors to take an equity investment in the initiative.

Long Acre Life estimates it will be able to cut the cost of buy-outs from 140% to 120% of liabilities for schemes with liabilities of over £500m. Buyouts have become an increasingly attractive p...

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