Legal & General
predict assets worth up to £10bn could be transferred this year, beginning
with a £1bn deal within the year.
Simon Gadd, managing director for L&G’s annuities business, told the
Daily Telegraph the buyout market had never been busier: ‘There’s
probably £20bn worth of buyouts by value being tendered for at the moment,’ he
He said bigger deals were coming to the market and the first £1bn deal could
happen this year, as more than half a dozen schemes were at present looking at
‘Finance directors are looking at buyout options as regulation, longevity,
accounting rules and investment volatility have pushed pension costs and risks
up their agenda,’ Gadd said.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016