View more on these topics

Suffolk Life considering acquisition possibilities

Suffolk Life has appointed Fenchurch Advisory Partners to advise on options for the future strategy of the business following a number of expressions of interest.

Fenchurch will look at the offers from third parties in acquiring Suffolk Life through a structured process.

It will also consider the prospects for the continued growth of the business under its existing ownership structure.
 
Suffolk Life chief executive Henry Catchpole says: “Suffolk Life is performing extremely well and we are confident of growing the business strongly under our current ownership structure. Nevertheless, given the interest from strategic partners who can help us accelerate our growth, the Board felt it right to explore options which could enhance the interests of clients, employees and shareholders.”
 
The company says there is no certainty that this strategic review will result in a transaction or an offer being made for Suffolk Life.
 

Recommended

Virgin favourite to land Northern Rock

Virgin is the frontrunner to takeover Northern Rock after the lender announced it was taking forward discussions on an accelerated basis with the consortium led by Virgin Group.

High take-up for Red Arc service

Aegon Scottish Equitable says 88 per cent of group critical-illness policyholders who make a claim use the support services it provides through care advisory specialist Red Arc.

Product matters

Aegon’s 5 for Life plan brought the variable annuity concept to the UK when it was launched towards the end of 2006. It is actually a vehicle for investments, not pensions. Providers such as Hartford and MetLife have since come to market offering a similar concept for pension money.The Aegon plan is aimed at the […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment