AXA has announced that it has entered into an agreement with Phoenix Group Holdings to sell its (non-platform) investment and pensions business and its direct protection business (“Sunlife”) in the UK. Completion of the transaction is subject to the customary closing conditions, including the receipt of the regulatory approvals, and is expected to occur in the H2 16. The overall consideration for the sale of the UK Life & Savings businesses, of the offshore investment bonds bu
27 May 2016
The wind of change blowing over the French insurer
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The wind of change blowing over the French insurer
AXA has announced that it has entered into an agreement with Phoenix Group Holdings to sell its (non-platform) investment and pensions business and its direct protection business (“Sunlife”) in the UK. Completion of the transaction is subject to the customary closing conditions, including the receipt of the regulatory approvals, and is expected to occur in the H2 16. The overall consideration for the sale of the UK Life & Savings businesses, of the offshore investment bonds bu