Synesis Life one step closer to FSA approval

One of the latest entrants to the bulk annuity market, Synesis says the FSA has informed the company it "is minded to provide it with the necessary authorisations to act as a provider of wholesale solutions to the insurance and pension annuity liabilities transfer market." The move comes just a couple of weeks after Paternoster, a rival entrant to the bulk annuity market set up by former Prudential chief executive Mark Wood, gained approval from the FSA. Isabel Hudson, chief executive of Synesis Life, says the comments by the FSA are another significant step forward, following the “ext...