Closed life consolidator and Coupon rate: Difference between pages

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''Life assurance.''
The nominal annual rate of interest on a security, expressed as a percentage of the principal amount.
 
A closed life consolidator is a life assurance firm that:
 
*Specialises in life funds that are no longer open to new customers and
*Seeks to achieve economies of scale through mergers and acquisitions.
 
 
:<span style="color:#4B0082">'''''Phoenix becomes Europe's largest closed life consolidator'''''</span>
 
:"Phoenix's reverse takeover of Standard Life Assurance Limited enabled the group to become Europe's largest closed life consolidator.
 
:As a result of the deal the group now has more than £240bn of assets and 10.4 million policyholders."
 
:''The Treasurer magazine, Deals Edition 2019, p26.''




== See also ==
== See also ==
* [[Assurance]]
* [[Capped FRN]]
* [[Consolidator]]
* [[Nominal annual rate]]
* [[Life assurance]]
* [[Par]]
* [[Life fund]]
* [[Par bond]]
* [[Insurance]]
* [[Par yield]]
* [[Reverse takeover]]
* [[Principal]]
 
[[Category:The_business_context]]

Revision as of 22:28, 28 April 2016

The nominal annual rate of interest on a security, expressed as a percentage of the principal amount.


See also