Santander (SAN SM) and Natwest (NWG LN) are considering offloading billions of pounds in UK pension assets to an insurer, Bloomberg reports citing sources

Santander and Natwest's consideration of selling their UK pension assets indicates a strategic shift, possibly aimed at bolstering capital or reallocating resources.

Newsquawk StaffPublished 3 Feb 2026, 10:33 UTCOn the live feed at 10:13 UTC — 5 more headlines followed before this page went public

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10:15

[MARKET ANALYSIS] European equities trades mostly in the green; FTSE 100 subdued by weaker crude price

10:14

French Finance Minister says FX volatility is a subject that he hopes to put on the G7 agenda, depending on developments

10:13

Santander (SAN SM) and Natwest (NWG LN) are considering offloading billions of pounds in UK pension assets to an insurer, Bloomberg reports citing sources

10:10

French Finance Minister says the G7 needs to agree on a joint instrument to address global macroeconomic imbalances

10:07

Banca Mediolanum (BMED IM) sees FY26 NII +10% Y/Y

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Talks are in the early stage, no certainty the firms will proceed with the transaction.

Context

While the talks are in early stages and there's no guarantee of closure, this move could reflect broader trends in the banking sector regarding risk management and asset footprint optimization. If completed, it could also prompt deeper scrutiny and reactions across European financial markets, particularly in the insurance and pension sectors.

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