MetLife UK agreed to sell a closed-book portfolio covering about 18,000 policies and £1.7 billion in administered assets. The report gives no sale price or proceeds, so it does not show a clear change to its outlook.
The deal changes who owns an existing book of policies, but the report gives no sale price or proceeds. Regulatory approval is still needed, so the reported facts do not show a clear change to MetLife UK's outlook.
SS&C will continue administering the portfolio after its ownership changes. The story does not report added work or fees, so it does not show a clear change to SS&C's outlook.
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