Following a strategic review of our Heritage life and pensions business, Old Mutual Wealth Life Assurance Limited, Quilter plc has agreed to sell that business to ReAssure.
This has no impact on investment and pension products held on the Old Mutual Wealth platform.
The sale is subject to regulatory approval and we would expect the process to take several months, with the work completing in late 2019. Our priority is to ensure that customers receive the best possible outcomes and service and we remain focused on this as we progress with the sale. We continue business as usual until the sale is completed and there are no changes to customers’ products or service.