The U.K. government should involve commercial insurers at an early stage when developing major infrastructure, climate resilience, digital and industrial projects, a trade body for the sector said Thursday.
The U.K. government should involve commercial insurers at an early stage when developing major infrastructure, climate resilience, digital and industrial projects, a trade body for the sector said Thursday.
Standard Life PLC launched a partnership with a consortium of major global financial companies on Thursday to expand in the U.K. pension risk-transfer market, with a combined initial capital commitment of up to £2 billion ($2.7 billion).
A group of British pension plans has committed £400 million ($545 million) to an investment fund of collected retirement savings programs designed to invest capital into local infrastructure and other U.K. assets.
The Financial Conduct Authority has set out poor practice it found in lenders' plans for implementing its motor finance redress system, including inadequate data management controls.
Pensions management company Isio has acquired retirement savings administration provider Trafalgar House Pensions Administration Ltd., in a move to expand the range of plans Isio can support.
International Public Partnerships, an infrastructure investment company, has agreed to divest its holdings in nine projects involving 15 London schools, a move it expects will generate gross proceeds of more than £58 million ($79 million) when the deal completes.
Vantage Group Holdings, a specialty insurance and reinsurance company based in Bermuda, said Thursday it has hired the former legal chief of AIG and Seaport Entertainment Group as its general counsel.
