UK - Bulk annuity buyout vehicle Paternoster, which has initially focused on mid market companies, could be about to come to the rescue of those with much larger pension fund deficits, who would farm off some of their liabilities, market sources have suggested.
When the company was launched in April, chief executive Mark Wood told Global Pensions that Paternoster would acquire defined benefit pension schemes from mid market UK companies, which he said had...
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