Paternoster, the latest entrant to the bulk annuity market, has joined forces with Jardine Lloyd Thompson Benefit Solutions.
Paternoster has withdrawn its first amount of capital and is now actively looking for new business.
STANDARD LIFE'S DECISION to demutualise came under political pressure last night after Dr Vincent Cable, the deputy head of the Liberal Democrats, backed a campaign for the company to remain mutual, reports The Scotsman .
Deutsche Bank and Eton Park International LLP are leading a consortium of backers for Mark Wood's new company Paternoster Limited, after announcing an investment of £500m of equity financing.