Brookfield Wealth Solutions Subsidiary Receives Authorization in the United Kingdom
Brookfield Wealth Solutions (NYSE, TSX: BNT) has achieved a significant milestone as its subsidiary, Blumont Annuity Company UK , received authorization from the UK Prudential Regulatory Authority (PRA) and Financial Conduct Authority (FCA) to operate in the UK's pension risk transfer market.
The license was granted after completing a thorough authorization process and confirming full capitalization of the business. Blumont Annuity UK is set to begin operations on March 25, 2025.
This expansion strengthens Brookfield's existing presence in the UK, where it currently manages over £63 billion in assets across infrastructure, real estate, and renewable power sectors. The company, which was spun out of Brookfield in June 2021, maintains a significant workforce of approximately 23,000 people through its UK portfolio companies.
Brookfield Wealth Solutions (NYSE, TSX: BNT) ha raggiunto un traguardo significativo poiché la sua controllata, Blumont Annuity Company UK, ha ricevuto l'autorizzazione dalla Prudential Regulatory Authority (PRA) e dalla Financial Conduct Authority (FCA) del Regno Unito per operare nel mercato del trasferimento del rischio pensionistico del Regno Unito.
La licenza è stata concessa dopo aver completato un rigoroso processo di autorizzazione e confermato la piena capitalizzazione dell'azienda. Blumont Annuity UK inizierà le operazioni il 25 marzo 2025.
Questa espansione rafforza la presenza esistente di Brookfield nel Regno Unito, dove attualmente gestisce oltre 63 miliardi di sterline in asset nei settori delle infrastrutture, immobiliare e energia rinnovabile. L'azienda, che è stata scorporata da Brookfield nel giugno 2021, mantiene una forza lavoro significativa di circa 23.000 persone attraverso le sue aziende del portafoglio nel Regno Unito.
Brookfield Wealth Solutions (NYSE, TSX: BNT) ha alcanzado un hito significativo, ya que su subsidiaria, Blumont Annuity Company UK, recibió autorización de la Prudential Regulatory Authority (PRA) y de la Financial Conduct Authority (FCA) del Reino Unido para operar en el mercado de transferencia de riesgo de pensiones del Reino Unido.
La licencia fue otorgada tras completar un exhaustivo proceso de autorización y confirmar la plena capitalización del negocio. Blumont Annuity UK comenzará operaciones el 25 de marzo de 2025.
Esta expansión refuerza la presencia existente de Brookfield en el Reino Unido, donde actualmente gestiona más de 63 mil millones de libras en activos en los sectores de infraestructura, bienes raíces y energía renovable. La empresa, que se escindió de Brookfield en junio de 2021, mantiene una fuerza laboral significativa de aproximadamente 23,000 personas a través de sus empresas en el Reino Unido.
브룩필드 자산관리 솔루션(Brookfield Wealth Solutions) (NYSE, TSX: BNT)은 자회사인 블루몬트 연금회사(Bloomont Annuity Company UK)가 영국의 재무행위감독청(FCA) 및 프루덴셜 규제청(PRA)으로부터 영국의 연금 리스크 이전 시장에서 운영할 수 있는 허가를 받았다는 중요한 이정표를 달성했습니다.
이 라이센스는 철저한 승인 절차를 완료하고 사업의 완전한 자본화를 확인한 후에 부여되었습니다. 블루몬트 연금회사 UK는 2025년 3월 25일에 운영을 시작할 예정입니다.
이번 확장은 브룩필드의 영국 내 기존 존재감을 강화하며, 현재 인프라, 부동산 및 재생 가능 에너지 분야에서 630억 파운드 이상의 자산을 관리하고 있습니다. 2021년 6월 브룩필드에서 분사된 이 회사는 영국 포트폴리오 회사를 통해 약 23,000명의 상당한 인력을 유지하고 있습니다.
Brookfield Wealth Solutions (NYSE, TSX: BNT) a atteint une étape importante, car sa filiale, Blumont Annuity Company UK, a obtenu l'autorisation de l'Autorité de régulation prudentielle (PRA) et de l'Autorité de conduite financière (FCA) du Royaume-Uni pour opérer sur le marché du transfert de risque de pension au Royaume-Uni.
La licence a été accordée après avoir complété un processus d'autorisation approfondi et confirmé la pleine capitalisation de l'entreprise. Blumont Annuity UK doit commencer ses opérations le 25 mars 2025.
Cette expansion renforce la présence existante de Brookfield au Royaume-Uni, où elle gère actuellement plus de 63 milliards de livres sterling d'actifs dans les secteurs des infrastructures, de l'immobilier et des énergies renouvelables. L'entreprise, qui a été scindée de Brookfield en juin 2021, maintient une main-d'œuvre significative d'environ 23 000 personnes à travers ses entreprises de portefeuille au Royaume-Uni.
Brookfield Wealth Solutions (NYSE, TSX: BNT) hat einen bedeutenden Meilenstein erreicht, da ihre Tochtergesellschaft, Blumont Annuity Company UK, die Genehmigung von der Prudential Regulatory Authority (PRA) und der Financial Conduct Authority (FCA) des Vereinigten Königreichs erhalten hat, um im Markt für die Übertragung von Pensionsrisiken im Vereinigten Königreich tätig zu sein.
Die Lizenz wurde nach Abschluss eines gründlichen Genehmigungsverfahrens und der Bestätigung der vollständigen Kapitalisierung des Unternehmens erteilt. Blumont Annuity UK wird am 25. März 2025 mit den Geschäften beginnen.
Diese Expansion stärkt die bestehende Präsenz von Brookfield im Vereinigten Königreich, wo derzeit über 63 Milliarden Pfund an Vermögenswerten in den Bereichen Infrastruktur, Immobilien und erneuerbare Energien verwaltet werden. Das Unternehmen, das im Juni 2021 von Brookfield abgespalten wurde, beschäftigt etwa 23.000 Mitarbeiter durch seine Portfoliounternehmen im Vereinigten Königreich.
- Received regulatory approval to enter UK pension risk transfer market
- Successfully completed capitalization requirements for UK operations
- Expands presence in established market with £63B AUM
- None.
BROOKFIELD, NEWS, March 11, 2025 (GLOBE NEWSWIRE) -- 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
Blumont Annuity UK plans to commence operations on March 25, 2025.
About Brookfield Wealth Solutions
Brookfield Wealth Solutions Ltd. (NYSE, TSX: BNT) is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Each class A exchangeable limited voting share of Brookfield Wealth Solutions is exchangeable on a one-for-one basis with a class A limited voting share of Brookfield Corporation (NYSE, TSX: BN). For more information, visit www.bnt.brookfield.com
About Blumont Annuity
Blumont Annuity offers retirement services around the world, specializing in pension risk transfer solutions for companies and financial security for individuals.
Blumont Annuity Company UK Ltd., based in London, offers bulk annuity solutions for pension schemes of all sizes in the United Kingdom. For more information, please visit www.blumontannuity.co.uk
For more information, please contact:
| Media: Kerrie McHugh Tel: (212) 618-3469 Email: kerrie.mchugh@brookfield.com | Investor Relations: Rachel Schneider Tel: (416) 369-3358 Email: Rachel.schneider@brookfield.com | |
Notice to Readers
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Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable estimates, assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Wealth Solutions or Blumont Annuity UK to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.
Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: (i) investment returns that are lower than target; (ii) the impact or unanticipated impact of general economic, political and market factors in the countries in which we do business; (iii) the behavior of financial markets, including fluctuations in interest and foreign exchange rates; (iv) global equity and capital markets and the availability of equity and debt financing and refinancing within these markets (v) litigation; (vi) changes in tax laws; (vii) ability to collect amounts owed; (viii) catastrophic events, such as earthquakes, hurricanes and epidemics/pandemics; (ix) the possible impact of international conflicts and other developments including terrorist acts and cyberterrorism; (x) the introduction, withdrawal, success and timing of business initiatives and strategies; (xi) the failure of effective disclosure controls and procedures and internal controls over financial reporting and other risks; (xii) health, safety and environmental risks; (xiii) the maintenance of adequate insurance coverage; (xiv) the existence of information barriers between certain businesses within Brookfield’s asset management operations; (xv) risks specific to our business segments; (xvi) factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States; and (xvii) the failure to obtain and/or maintain required regulatory approvals.
We caution that the foregoing list of important factors that may affect future results is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the foregoing risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such forward-looking information. Except as required by law, Brookfield Wealth Solutions undertakes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, whether as a result of new information, future events or otherwise.
Past performance is not indicative nor a guarantee of future results. There can be no assurance that comparable results will be achieved in the future, that future investments will be similar to the historic investments discussed herein, that targeted returns, growth objectives, diversification or asset allocations will be met or that an investment strategy or investment objectives will be achieved (because of economic conditions, the availability of investment opportunities or otherwise).
Readers are urged to consider the foregoing risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such forward-looking information.
FAQ
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