New entrants to the pension buy-out market have not convinced the Pensions Regulator they have the right solutions for the problem.
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Paternoster has withdrawn its first amount of capital and is now actively looking for new business.
The Financial Services Authority (FSA) is ‘minded to authorise' new insurance company Synesis Life.
THE SCOTSMAN claims the new money being raised through Standard Life's flotation today is unlikely to give it any significant commercial edge.
Synesis Life, a company set up specifically to enter the bulk annuity market, has made a new appointment to its board.
The Financial Services Authority (FSA) has today authorised Paternoster as a life assurance company.
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.