Chesnara completed the acquisition of the life insurance business of Sanlam for £39m.

Chesnara, a pensions and protection consolidator, completed the acquisition of the life insurance business of Sanlam, a South African financial services group, for £39m. "We are delighted to announce this transaction which will expand the scale of our UK operations and deliver potential for material value creation for Chesnara. The expected incremental cash generation from SLP will enhance the sustainability of our progressive dividend strategy," John Deane, Chesnara CEO.