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Brookfield Wealth Solutions Announces The UK Prudential Regulatory Authority And Financial Conduct Authority Have Issued A License To Blumont Annuity Company UK Ltd. To Participate Directly In The UK's Pension Risk Transfer Market

Benzinga·03/11/2025 20:23:17
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Brookfield Wealth Solutions ((NYSE, TSX:BNT) today announced the UK Prudential Regulatory Authority ("PRA") and Financial Conduct Authority ("FCA") have issued a license to Blumont Annuity Company UK Ltd. to participate directly in the UK's pension risk transfer market.

The license was issued following the successful completion of a comprehensive authorization process and confirmation the business has been fully capitalized.

The entry for Brookfield Wealth Solutions, which was spun out of Brookfield Corporation in June 2021, will further extend Brookfield's presence in the UK, where it is already a leading investor with over £63 billion of assets under management across infrastructure, real estate, and renewable power. Brookfield and its UK portfolio companies employ approximately 23,000 people across the UK.

Blumont Annuity UK plans to commence operations on March 25, 2025.