07:28 AM EST, 03/03/2025 (MT Newswires) -- Brookfield Wealth Solutions ( BNT ) on Monday said it is entering the UK insurance market to focus on delivering annuity solutions for UK pension schemes.

Brookfield is expected to begin operations by the end of the month, subject to final regulatory approvals and will operate under the Blumont Annuity UK brand. Brookfield already has more than 63 billion pounds of assets under management across infrastructure, real estate, and renewable power. Brookfield and its UK portfolio companies employ 23,000 people across the country.