JLT to provide admin for Paternoster

Following approval form the Financial Services Authority (FSA) on 28 June, Paternoster has signed a letter of intent for JLT to be a service partner for the long-term administration of pensions policies. Paternoster says it will be working with JLT to develop a joint operation which will source administration services in India to provide competitive actuarial pricing and financial analysis to its clients. The appointment of JLT seems to move Paternoster a step closer to its first deal, as the news comes just two weeks after it revealed it had drawn down its first £250m of capital to sta...