Tata Consultancy Services (TCS) and Nest, the largest workplace pension scheme in Britain, are strengthening their long-established partnership with a renewed focus on digitally transforming the latter’s scheme administration services. This initiative for an initial period of 10 years is worth £840 million for the Indian IT firm. If extended to the entirety of its […]
Aegon has agreed to sell its Dutch pension, life and non-life insurance, banking, and mortgage origination businesses to ASR Nederland (a.s.r or ASR), a Netherlands-based insurance group, in a deal worth $4.9 billion. The sale proceeds for the Dutch insurance giant will include $2.52 billion in cash and a 29.99% stake in ASR. The transaction […]
McNeil & Company, a provider of specialized risk assessment and insurance solutions, has acquired Penflex, a company which serves emergency service organizations with the actuarial and administrative services of Length of Service Award Programs (LOSAP). Financial terms of the deal were not disclosed by the parties. LOSAP are pension-like programs designed to help communities mainly […]
Global insurance brokerage Hub International has acquired the assets of Perennial Pension and Wealth, an independent financial services company, for an undisclosed price, as per the latest insurance acquisition news. Based in New York, Perennial Pension & Wealth offers pension, retirement planning, wealth management services, and consultation to organizations and individuals. Bob Krieger – founder […]