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Resolution purchased Axa Sun Life Holdings Ltd from Axa SA in Autumn 2010. [6] In October 2010 it bought Bupa Health Assurance. [7] In 2011 Resolution merged the UK operations of Friends Provident with the UK life assurance businesses acquired from Axa and Bupa under the name Friends Life. [8] Resolution changed its name to Friends Life Group ...
This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.
In 2016, Axa sold its UK investment, pensions and insurance businesses, including SunLife, to UK insurer Phoenix Group [34] in a £375 million deal. [ 35 ] Business activities
In the 1980s, the company's financial services were expanded including its pension division, which was formed in 1981. [15] The pension division grew to manage $8.7 billion in pension funds by 1989. By 1989, the Mutual Life's total assets under management were nearly $22 billion and its insurance in force was $84 billion, up from $51 billion in ...
In February 1999 it was acquired by Axa of France for $5.7bn and integrated into its Sun Life & Provincial Holdings division. [3] It was subsequently announced that the company would move out of the Royal Exchange Building. [4] The life assurance business was acquired by Aegon later that year. [5]
How IBM is flipping the switch on pension plans. IBM contributes 5% of an employee’s salary to the accounts, which provide a 6% guaranteed, tax-deferred return for the first three years. And ...
Phoenix Wealth, the UK-based pensions and investments previously offered by AXA Wealth; Standard Life; ReAssure, covering ReAssure and ReAssure Life (formerly Old Mutual Wealth Life Assurance) and also including Ark Life; SunLife; SunLife of Canada UK [15] Phoenix Corporate Investment Services [16] plus other unregulated businesses: Vebnet
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