Barclays Sells Off Pensions Division ; Finance

Summary


A division of Barclays which pays pensions to more than 70,000 policyholders a month is to be sold in a deal worth pounds 753 million, it was announced yesterday.

Swiss Re said it will acquire about 760,000 life insurance and pension policies and annuity contracts, representing about pounds 6.8 billion in invested assets, through the takeover of Barclays Life Assurance.

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Extract


Barclays Sells Off Pensions Division ; Finance

Barclays Life, which is the combined life assurance ope...

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