Fitch says Standard Life PRT partnership strengthens competitiveness but adds illiquid-asset exposure
Standard Life will contribute £500m over five years, with partners providing a further £1.5bn.
Fitch Ratings says the pension risk transfer partnership Standard Life announced on 20 August with CVC Capital Partners, Prudential Financial, Goldman Sachs and MS&AD Insurance Group supports its competitive position in the UK PRT market. The rating agency expects the arrangement, once implemented and established, to improve the insurer's ability to participate in larger and more complex transactions. Additional capital…
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