Clerical Medical International believed to have an embedded value of £200m.
Brooks Macdonald International has appointed the chief executive of its latest acquisition to head up its business.
Overseas schemes aim to attractive savers with broader investment choices and lower taxes.
The Government is set to extend the Budget pension flexibilities to overseas savings vehicles after holding crunch talks with the industry.
Advisers will be forgiven for being rather confused by the latest to-ing and fro-ing from the Government over multiple trusts.
More good news is due next year than the industry has seen in the last 10 put together.