UK - Paternoster, the new DB buy-out vehicle set up by ex-Prudential chief executive Mark Wood, has been authorised by the UK's Financial Services Authority (FSA) as a life assurance company months ahead of schedule, confirming a report by Global Pensions earlier this week.
The company had been expecting a response from the FSA in September. “The FSA process has been extremely thorough and effective,” says Mark Wood (pictured), Paternoster chief executive. The c...
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