LONDON (Reuters) - Suffolk Life, a life insurer with over 2.7 billion pounds in assets, said on Monday it had hired an adviser to consider a possible sale.
The company has appointed Fenchurch Advisory Partners to advise it after having received a number of expressions of interest, it said in a statement.
Suffolk Life, based in the eastern English city of Ipswich, specialises in self-invested personal pensions (SIPPS), which allow individuals to make their own investment decision but carry higher management fees. Sales of these have boomed since regulatory changes in April 2006.
Reporting by Simon Challis; Editing by David Holmes