UK - Paternoster has been put up for sale, with its original backers facing the loss of more than half their £500m equity investment, according to reports.
The majority of its backers are seeking an exit from the specialist pensions insurance company set up by former Prudential executive Mark Wood, the Financial Times reported. Paternoster was forc...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
