Paternoster's first deal sparks off bidding war

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NEW bulk annuity buyout specialist Paternoster has "shaken up the market" and prompted a bidding war for its first deal, PP has learned.

Paternoster – run by former Prudential chief executive Mark Wood – has been involved in a three-way fight with the two established players, Legal & General and Prudential, to take over the liabilit...

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