Published by Global Banking & Finance Review®
Posted on February 3, 2026
1 min readLast updated: February 3, 2026
Santander and NatWest are exploring selling billions in UK pension assets to an insurance company, according to Bloomberg News.
Feb 3 (Reuters) - European banks Banco Santander SA and NatWest are exploring the sale of several billion pounds' worth of UK pension assets to an insurance company, Bloomberg News reported on Tuesday, citing people familiar with the plans.
Reuters was not able to immediately verify the report. Santander declined to comment and NatWest did not immediately respond to a Reuters query.
(Reporting by Sri Hari N S in Bengaluru; Editing by Janane Venkatraman)
A pension is a retirement plan that provides a regular income to individuals after they retire, typically funded by contributions from the employee and employer during the individual's working life.
Capital refers to financial assets or resources that can be used to fund investments or business operations. It includes cash, equipment, and property.
Liquidity is the ease with which an asset can be converted into cash without affecting its market price. High liquidity means assets can be quickly sold.
An insurance company is a financial institution that provides coverage to individuals or businesses against potential financial losses in exchange for premium payments.
An investment portfolio is a collection of financial assets such as stocks, bonds, and other securities held by an individual or institution to achieve specific financial goals.
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