Buyout provider Paternoster will have the ability to write new business after shareholders agreed to inject £5m of new capital into the group.
Last Spring the company announced it had stopped accepting new business while there was continuing uncertainty about default risk in the credit markets. However, Paternoster said it would write new...
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MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.