Three funds including a Singaporean sovereign wealth fund have agreed to acquire a combined 64% stake in Rothesay Life from Goldman Sachs.
Investors from across the globe are moving back to European equities after an upturn in economic fortunes, asset managers say.
InterContinental Hotels Group (IHG) has agreed a £440m all-risk buyout for its UK pension plan with Rothesay Life, securing improved benefits for members owing to suitable market conditions.
Deficits in the private sector rose in August with smaller-cap listed and unlisted firms mainly to blame, research from JLT Employee Benefits (JLTEB) shows.
Private equity firm Blackstone is looking to gain access to the UK bulk annuity market by buying a stake in Goldman Sachs' bulk insurance vehicle Rothesay Life, according to reports.
The news that Goldman Sachs has put the majority of its UK bulk annuity business up for sale will not have an impact on the market, say consultants.
Goldman Sachs has put a majority stake of its UK bulk annuity insurance business up for sale.
Thomas Miller Investment has appointed Paul Trickett as non-executive director.
Tax avoidance campaigners have been granted permission by the High Court to challenge a deal between HM Revenue Customs and investment bank Goldman Sachs.
Equity valuations that reflect "unrealistically large declines in growth and returns" present one of the best buying opportunities in a generation, according to Goldman Sachs.