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Brookfield weighing move into Britain’s pension insurance market, sources say

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Brookfield is scanning the market for potential deals to access the bulk annuities space, where possible targets could include companies like Just Group and Pension Insurance Corporation

, is weighing entering Britain’s burgeoning pension insurance industry and is open to an acquisition to bolster growth, three people familiar with the matter told Reuters.

Deliberations are at an early stage, and there is no certainty that Brookfield will proceed with the move or a transaction, cautioned the people, who spoke on condition of anonymity. Private investors now oversee more than $900-billion of life and annuity assets in Western Europe and North America, according to an early 2022 report by McKinsey & Co.

 

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