Chris Hughes, Columnist

Goldman's Pensions Exit

Blackstone, too, may have to wait some time to exit Rothesay Life.
Photographer: Frantzesco Kangaris
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Goldman Sachs joined the throng of new entrants into the U.K. pension-insurance market back in 2007.

A decade later, it has managed something of a dignified exit courtesy of Blackstone Group LP, Singapore's sovereign wealth fund GIC and U.S. insurer MassMutual.