Tom Selby joined Money Marketing in October 2010 as pensions reporter and is now deputy head of news. After completing an economics degree at the University of Newcastle, Tom joined institutional pensions magazine Professional Pensions in September 2009 as a senior correspondent. Tom won the Headlinemoney trade pensions journalist of the year award for 2011 and 2012 and was Association of British Insurers life and protection journalist of the year for 2011.
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L&G’s decision to quit the ABI immediately led to speculation that other major insurers could follow suit.
The insurer says the deal will further diversify its investment portfolio.
Auto-enrolment charge cap expected to cost firm between £20m and £25m a year.
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