According to people familiar with the matter, a number of insurance companies have taken the initiative to approach HSBC Holdings. HSBC has already begun preliminary discussions on this and plans to divest billions of pounds of British pension assets. According to people familiar with the matter, Europe's largest bank is exploring the transfer of assets related to its £18.7 billion UK pension pool. Since the negotiations are still confidential, the source requested anonymity. As of December 2025, the pension fund had a surplus of £5.26 billion, according to HSBC's UK annual report. One of the sources said that the negotiations stemmed from the insurance agency's initiative to inquire, and HSBC has yet to begin the formal sale process. An HSBC spokesperson declined to comment.

According to people familiar with the matter, a number of insurance companies have taken the initiative to approach HSBC Holdings. HSBC has already begun preliminary discussions on this and plans to divest billions of pounds of British pension assets. According to people familiar with the matter, Europe's largest bank is exploring the transfer of assets related to its £18.7 billion UK pension pool. Since the negotiations are still confidential, the source requested anonymity. As of December 2025, the pension fund had a surplus of £5.26 billion, according to HSBC's UK annual report. One of the sources said that the negotiations stemmed from the insurance agency's initiative to inquire, and HSBC has yet to begin the formal sale process. An HSBC spokesperson declined to comment.