Takeover interest for Barclays Life Assurance

A division of Barclays which pays pensions to more than 70,000 policyholders a month was today said to be the subject of takeover interest.

The Sunday Times reported that Swiss Re had been conducting due diligence on Barclays Life Assurance, which looks after policyholders’ life, pension and investment plans. The business has more than £7bn (€8.9m) under management.