Performance at Phoenix driven by strong pension and savings business growth
Bulk annuity transaction secures the benefits for around 700 members
PensionBee analysis of Origo data found a 31% increase in transfer times in two years to 2022
PP brings together all the people moves in the pensions industry over the past week
Member interest cited as a key concern of bringing the mutuals together
Chair steps down amid offer to create 'well-capitalised mutual'
Chair of LV= to step down after too few members voted for the deal
The Bain Capital bid will go to a shareholder vote next month
LV= has agreed to sell its remaining pensions and insurance businesses to private equity firm Bain Capital for £530m.
After speculation gained traction over the weekend, LV= has revealed it is in exclusive talks with Bain Capital over the sale of its remaining pensions and insurance business.