Paternoster secures first buy-out deal

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UK - Paternoster announced it has taken on the pensions assets of the Cuthbert Heath Family Plan (CHFP), in a deal said to be worth around £10m.

Mark Wood, Paternoster chief executive, said the plan was one of five schemes whose members' benefits had been secured with the firm since it received FSA authorisation on 27 June 2006, but added t...

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