Core Insights - Brookfield Wealth Solutions has received a license from the UK Prudential Regulatory Authority and Financial Conduct Authority for Blumont Annuity Company UK Ltd. to engage in the UK's pension risk transfer market [1][2] - The company aims to enhance its presence in the UK, where it manages over £63 billion in assets across various sectors [2] Company Overview - Brookfield Wealth Solutions focuses on providing retirement services, wealth protection products, and tailored capital solutions [3] - Blumont Annuity specializes in pension risk transfer solutions and offers bulk annuity solutions for pension schemes in the UK [4] Operational Details - Blumont Annuity UK is set to commence operations on March 25, 2025 [2] - Brookfield and its UK portfolio companies employ approximately 23,000 people in the UK [2]
Brookfield Wealth Solutions Subsidiary Receives Authorization in the United Kingdom