UK - Pension buyout specialist Paternoster has announced 2008 full year premium income of £1.1bn (US$1.5bn), marking a 71% increase in transferred assets over 2007, but warned of a slower 2009.
Paternoster said the market had some £8bn of secured assets by the end of the year, representing a 190% growth over 2007. Mark Wood, chief executive of Paternoster, said: "The instinct of trust...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
