L&G is set to take over bespoke Sipp provider Suffolk Life. The board of Suffolk Life has recommen...
L&G is set to take over bespoke Sipp provider Suffolk Life. The board of Suffolk Life has recommended that shareholders accept the cash offer from L&G of £15.75 per share which values the Sipp company at £62m. L&G’s chief executive said it has been a strategic priority to strengthen the group’s position in the pensions and savings market. Suffolk Life’s CEO Henry Catchpole said it would be in shareholders’ interest to accept the offer which will enable the company’s development to accelerate through being part of a larger group. The firm was founded in 1971 and distributes Sipps for ...
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