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Insurer M&G to buy financial advice provider Sandringham

By Reuters

– British insurer M&G plc said on Tuesday it would buy financial advice provider Sandringham Financial Partners in a deal that would add assets worth over 2.5 billion pounds to M&G as it bulks up its UK wealth management business.

Sandringham will be part of M&G Wealth alongside its existing advice, platform and investment businesses, the blue-chip insurer added.