Utmost Group is set to acquire Quilter International – Quilter’s life assurance business.

Subject to approvals, Utmost Group will pay approximately £483 million assuming completion on 31 December 2021.

Quilter International will become a part of Utmost International, the international life assurance business of Utmost Group.

Quilter said the deal would allow it to focus on higher growth in its wealth management business. From the beginning of 2022 Quilter will target annualised net client inflow growth of at least 6 percent of opening assets under management and administration. This is an inc...