Brookfield Wealth Solutions ( (TSE:BNT) ) just unveiled an announcement.
Brookfield Wealth Solutions announced that its subsidiary, Blumont Annuity Company UK Ltd., has received authorization from the UK Prudential Regulatory Authority and Financial Conduct Authority to enter the UK’s pension risk transfer market. This strategic move enhances Brookfield’s footprint in the UK, where it already has a substantial investment presence, and is expected to strengthen its market position by offering bulk annuity solutions for pension schemes of all sizes, commencing operations on March 25, 2025.
More about Brookfield Wealth Solutions
Brookfield Wealth Solutions Ltd. is a company focused on securing financial futures for individuals and institutions through retirement services, wealth protection products, and tailored capital solutions. It was spun out of Brookfield Corporation in June 2021 and operates with a significant presence in the UK, managing over £63 billion in assets across infrastructure, real estate, and renewable power.
YTD Price Performance: -12.65%
Average Trading Volume: 11,782
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $8.66B
See more data about BNT stock on TipRanks’ Stock Analysis page.