Former Reporter

Former investment banking reporter

Permira and Cinven could face lower returns after a share price fall in two London-listed annuity providers backed by private equity following George Osborne's Budget.

Annuity providers Partnership Assurance - taken public by buyout firm Cinven in June last year - and Just Retirement - listed by Permira in November - saw their share price slide today after UK Chancellor George Osborne announced tax changes for people accessing their retirement savings.

Buyout-backed annunity providers rocked by Budget

Permira and Cinven could face lower returns after a share price fall in two London-listed annuity providers

Dan Dunkley

Richard Partington

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