UK Insurance - Synesis Life first buyout market casualty

Synesis Life has become the first casualty of the recent expansion of companies in the UK bulk purchase annuity market, having failed to secure a deal in over two years of trading.

It is believed that rival player, Pension Corporation, is likely to take on the senior members of the Synesis team, though a spokesman for the company, headed by Edmund Truell, declined to comment on the reports.

Synesis was backed by three separate financial institutions, JP Morgan, Royal Bank of Scotland - which also

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