Chesnara has entered the FTSE250 following the exit of Assura.
FTSE Russell announced adjustments to the FTSE UK Index Series, effective at market open on August 18, 2025. Primary Health Properties (PHP), having completed a shares-and-cash offer for Assura that became wholly unconditional, retained its position in the FTSE 250 Index. Assura was removed from the FTSE 250, and UK-based life and pensions consolidator Chesnara was added in Assura’s place. Concurrently, Chesnara was deleted from the FTSE SmallCap Index.
Reuters reported that Assura, a property company specialising in healthcare facilities with a portfolio of over 600 sites, had been acquired by PHP in a contested takeover that concluded in mid-August 2025. The removal of Assura marks the completion of that transaction in index terms.
Headquartered in Preston, Lancashire, Chesnara is a life assurance and pensions consolidator listed on the London Stock Exchange. The company has grown through a series of acquisitions, including Canada Life UK’s onshore bonds and legacy pensions business in December 2024, and in July 2025 agreed to purchase HSBC Life (UK) for £260 million, increasing its assets under administration by about £4 billion.
The proposed HSBC Life (UK) acquisition would boost Chesnara’s scale and supports its inclusion in the FTSE 250. According to a report by International Adviser, the deal is expected to enhance dividend capacity and cash generation, and could elevate the company’s market profile.
The FTSE 250 Index comprises medium-cap UK companies ranked 101–350 by market capitalisation and is recalibrated quarterly. Chesnara’s elevation reflects its expanding scale through acquisitions and growing investor interest.
As Chesnara takes its place in the FTSE 250, attention will turn to how continued consolidation and capital moves will shape its investment appeal.
Will Chesnara’s strategic expansion and new index status support its long-term performance?
