CVC-led group closes in on £1bn Standard Life pensions deal
Consortium, which includes Prudential Financial, would help fund buyouts of defined-benefit schemes
Consortium, which includes Prudential Financial, would help fund buyouts of defined-benefit schemes

New provider Scottish Widows is overhauling its offering

Deal comes as large insurers and asset managers compete more aggressively for UK pension assets

Value of realised investments jumps 20 per cent to record €13.2bn but performance-related earnings fall in first half

Plans come as private capital groups have hitched their growth to managing assets held by US insurers

Value of assets offloaded by UK groups fell to three-year low last year, just as US private capital firms pile in

Consolidation of funds makes evident sense, bringing economies of scale and scope