Pensions company assesses its options

PENSIONS specialist Suffolk Life announced yesterday that it had appointed advisers to assess options for the future of the business following “a number of expressions of interest”.

PENSIONS specialist Suffolk Life announced yesterday that it had appointed advisers to assess options for the future of the business following “a number of expressions of interest”.

Fenchurch Advisory Partners has been asked to assess the interest of third parties in acquiring the Ipswich-based firm, and to consider its prospects for continued growth under its existing ownership structure.

The company added that there was no certainty at this stage that the review would result in a transaction or an offer being made.

Suffolk Life chief executive Henry Catchpole said: “Suffolk Life is performing extremely well and we are confident of growing the business strongly under our current ownership structure.


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“Nevertheless, given the interest from strategic partners who can help us accelerate our growth, the board felt it right to explore options which could enhance the interests of clients, employees and shareholders.”

nSuffolk Life, which administers self-invested personal pensions, was yesterday named the fastest-growing company in Grant Thornton's annual Suffolk Limited report on the county's top 100 companies. For details of the survey, turn to page three of today's BusinessEast supplement.

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