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 publishes its 2020 pay gap report

Pay gap reporting highlights the value and importance of our drive to promote diversity and inclusion. This year we have opted to report on our disability pay gap for the first time as we underscore our commitment to belonging and inclusion and strengthen our network groups to encourage and champion change for all of our people.

Pinsent Masons advises Sanne Group on first specialised depositary services licence in Ireland

Multinational law firm Pinsent Masons has advised global fund administrator Sanne Group on the first specialised depositary licence to be granted by the Central Bank of Ireland, further enhancing Sanne’s capabilities in Ireland and its multi-jurisdictional proposition for alternative fund managers.

Pinsent Masons provides legal advice in breakthrough data trust report for food industry

Multinational law firm Pinsent Masons has provided the legal advice in a set of new reports recommending the latest innovation in the burgeoning technology of data trusts.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Sanne Group on first specialised depositary services licence in Ireland

Multinational law firm Pinsent Masons has advised global fund administrator Sanne Group on the first specialised depositary licence to be granted by the Central Bank of Ireland, further enhancing Sanne’s capabilities in Ireland and its multi-jurisdictional proposition for alternative fund managers.

Pinsent Masons advises on new £15m social investment 'Resonance Everyone In' homelessness property fund

Multinational law firm Pinsent Masons has advised on a new £15m homelessness social investment property fund to help meet increasing demand to house rough sleepers in London.

Pinsent Masons appointed to UK Government Trade Law Panel

Multinational law firm Pinsent Masons has been appointed to the UK Government's new Trade Law Panel in an international consortium with BakerHostetler in the USA, and Fasken in Canada, to advise on international trade law disputes.

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