Schroders is to buy Liberty International Pensions for £60m in a move to increase its presence in th...
Schroders is to buy Liberty International Pensions for £60m in a move to increase its presence in the defined contribution pensions market. Schroders, which already has an active and a passive fund management capacity, said the purchase of the pensions group would give it improved member communication and administration services for DC business. The group is buying the pensions firm, which trades as Liberty Pensions, from UK property group Liberty International, which owns 80% of the shares of Liberty Pensions. The other 20% is owned by the trustees of the BT Pension Scheme and Capital Gr...
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