Published by Gavin Markham on
Following a recent review, MetLife Assurance’s parent, MetLife Inc. has concluded that continuing in the UK bulk annuity market no longer matches their business strategy. Rothesay Life have made a name for themselves in the market with some large high-profile transactions, and this latest news follows Goldman Sachs’ recent sale of the majority of their Rothesay shareholding.
During their time in the market, MetLife Assurance found most success in winning smaller transactions. This area of the market is now increasingly competitive with Partnership, Just Retirement and Canada Life all joining the race for these cases.