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Sainsbury’s Bank eyes mortgage market relaunch

Sainsbury’s Bank is nearing a relaunch into mortgage lending after nearly 12 years. Last April the bank brought in Colin Snowdon as a consultant to investigate a possible launch into mortgage lending. Snowdon brought Aldermore to market and was chief executive of specialist lender and Merril Lynch subsidiary Wave Mortgages before it stopped lending in […]

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Aegon sells majority of UK annuity book

Aegon is selling two-thirds of its UK annuity portfolio to specialist insurer Rothesay Life for an undisclosed sum. The deal will see Aegon reinsure £6bn worth of liabilities to Rothesay Life, with the transfer process taking place over the next two years. Aegon will continue to make annuity payments to customers on behalf of Rothesay […]

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