UK - Goldman Sachs has bought Paternoster for £260m ($407m) but will not immediately combine the firm with its Rothesay Life subsidiary.
Goldman Sachs has bought Paternoster for £260m but will not immediately combine the firm with its Rothesay Life subsidiary.
In the first part of our run-down of the top 20 most read Professional Pensions Online news articles in 2010, we look at those in eleventh to twentieth place.
UK - Goldman Sachs' insurance subsidiary Rothesay Life has bought a majority holding in Paternoster following a four-month sale process.
Rothesay Life has bought a majority holding in Paternoster following a four-month sale process.
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days (13 August - 20 August).
Paternoster has been put up for sale, with its original backers facing the loss of more than half their £500m equity investment.
UK - Paternoster has been put up for sale, with its original backers facing the loss of more than half their £500m equity investment, according to reports.
A record £12.5bn risk transfer deals were done in the first half of the year and a quarter of major firms will de-risk by 2012, Hymans Robertson predicts.
JLT Benefit Solutions has appointed former Paternoster chief executive Mark Wood as non-executive chairman.