Pinsent Masons advises Legal & General on the sale of Suffolk Life

15 Jan 2016 | 12:35 pm |

International law firm Pinsent Masons has advised Legal & General Group plc on the sale of Suffolk Life, one of the UK’s leading providers and administrators of self-invested personal pensions (SIPPs), to Curtis Banks Group plc for £45 million. The acquisition is subject to an underwritten placing by Curtis Banks Group plc and regulatory approval, both of which are expected in the first half of 2016.

Suffolk Life specialises in SIPPs, and administers around 26,500 plans, including 3,600 commercial properties. Assets under administration were £8.7 billion as at 30th November 2015. The business was established in 1971 and is based in Ipswich.

Legal & General is disposing of non-core businesses, and focusing on core activities where it believes it can achieve significant scale and attractive returns on capital. It disposed of Legal & General France, Legal & General Ireland and Egypt in 2015.

The multi-disciplinary Pinsent Masons team advising on the deal was led by corporate partner Hannah Brader supported by corporate solicitor Emma Dawe.  Specialist pensions advice was provided by Simon Laight and Sarah Fry.   

Hannah Brader commented: “We are delighted to have advised Legal & General on the sale of Suffolk Life.  This transaction involved a multi-disciplinary team across our insurance and wealth management practice and is further evidence of Pinsent Masons’ corporate expertise in the financial services sector.”

Latest press releases

Show me all press releases

Pinsent Masons bolsters its Competition, EU & Trade Group with appointment of Hans Jürgen Meyer-Lindemann in Düsseldorf

Pinsent Masons continues to expand its Competition, EU & Trade Group, with the appointment of competition law specialist, Prof. Dr. Hans Jürgen Meyer-Lindemann, as a partner in the Düsseldorf office.

Pinsent Masons advises HZI on its first Energy from Waste Plant in Australia

International law firm Pinsent Masons has advised HZI on the development of the A$511 million East Rockingham Resource Recovery Facility in Western Australia

Pinsent Masons advises Redington on deal from Phoenix

International law firm, Pinsent Masons, has successfully advised the founders and management of Redington, the independent institutional investment consultant, on an investment deal from Phoenix Equity Partners, a leading UK mid-market private equity firm.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Redington on deal from Phoenix

International law firm, Pinsent Masons, has successfully advised the founders and management of Redington, the independent institutional investment consultant, on an investment deal from Phoenix Equity Partners, a leading UK mid-market private equity firm.

Pinsent Masons advises CANCOM SE on its capital increase

International law firm Pinsent Masons has advised CANCOM SE on its share capital increase, valued at €174.2 million.

Pinsent Masons appoints new Head of Tax Fraud Investigations

International law firm Pinsent Masons has further enhanced its commercial litigation, regulatory and tax litigation practice with the appointment of Andrew Sackey as a contentious tax partner in its London office. Andrew will work with clients across each of the firm's five key global sectors – Energy, Infrastructure, Financial Services, Real Estate and Advanced Manufacturing & Technology.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts