Oaktree-backed insurer Utmost seeks staff for new UK bulk annuities division [Yahoo! Finance]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
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Source: Yahoo! Finance
up a bulk annuities division, according to three job advertisements seen by Reuters. Three industry sources separately said Utmost planned to enter this corporate pensions insurance sector in the coming months, in what would be the third new entry in the past year into the growing and profitable market. Utmost and Oaktree declined to comment. Two of the advertisements were until recently on Utmost's website. One advertisement seen by Reuters said the firm was seeking a head of bulk purchase annuity business development for Utmost Life and Pensions UK "to support the bulk annuity director to build bulk annuity capability and implement new business". The second advertisement was seeking a bulk annuity transition manager to build a team to "support pipeline of new business". The advertisements are no longer visible on the company's website. A third advertisement still on the website seeks a financial actuary whose roles include involvement with "bulk purchase annuity deals"
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