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LSL Property Services PLC said Tuesday it has sold insurance broker First2Protect Ltd. and mortgage broker Embrace Financial Services Ltd. to its own private equity-backed joint venture for up to £17.8 million ($22.1 million).
Some £22 billion ($27.3 billion) was shaved off the funding position of pension schemes in March as yields on long-dated government bonds tumbled in the wake of the 2022 banking crisis, the sector's compensation fund said on Tuesday.