L&G Retail Retirement buys pension-pot consolidator MyFutureNow

For undisclosed price

Julian Marr
clock • 2 min read

Legal & General has bought pension-pot tracing and consolidation business MyFutureNow and announced its intention to make it available to IFAs seeking to provide the service to their clients.

The pension and investment giant said the acquisition, which was for an undisclosed price, would also support its retail retirement and defined contribution businesses, enabling customers to track down lost pots and provide an overview of their retirement investment assets The deal was structured so that Legal & General Retail Retirement purchased, for an undisclosed price, a 100% stake in Finovation Limited, which trades as MyFutureNow. The business provides a service that allows people to trace their lost or forgotten pension pots - for example, from past employers. Legal & General ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

How advisers can play a role in boosting wellbeing in retirement

How advisers can play a role in boosting wellbeing in retirement

A happy retirement is the 'north star'

Cecilia Furner
clock 08 November 2024 • 3 min read
Pension tax rules uncertainty shows 'need to shift retirement planning'

Pension tax rules uncertainty shows 'need to shift retirement planning'

Needs to include wider considerations of capital drawdown beyond pensions

Isabel Baxter
clock 24 October 2024 • 2 min read
Looking ahead of the Budget: Implications for retirement planning

Looking ahead of the Budget: Implications for retirement planning

Advisers must ‘balance client demands with prudent advice'

Isabel Baxter
clock 18 October 2024 • 4 min read