View more on these topics

Paternoster doubles assets in Q1

Paternoster has doubled its pension scheme assets under management in quarter one of this year and now has liabilities totalling £411.7m.

At the end of quarter one 2007 the total value of assets transferred to Paternoster was £260m which represents a growth of 111 per cent quarter on quarter.

Paternoster is the annuity provider to members of 19 schemes representing 8,700 scheme members and expects to have another five transactions completed by September.

Chief executive Mark Wood says: “The total market volume for the quarter is expected to have been in the region of £600 million of liabilities, representing a 50 per cent increase on the same quarter last year.

“There are currently five transactions set to take place before September which are expected to bring another £2.5 billion of assets into the market. This is the equivalent to the total market for 2006 and strong evidence of a rapidly growing sector.”


Duffy considers lender role as he quits Hamptons

Hamptons Mortgages managing director Kevin Duffy is considering a role in the lending industry following his surprise departure from the broker firm late last week.

On the line

As with investment themes, there are long-term movements in recruitment requirements, within which there are ripples and eddies that are more localised in time and/or geographic location. Knowing where the recruitment market is at any one point in time is useful from both the employees’ or employers’ standpoint, in that it has an impact on […]

Abbey axes up-front costs on loan range

Abbey is offering a new range of products with no up-front costs designed for people moving home The range has no legal, valuation or application fees, and Abbey says it could save borrowers up to 2,000.

BoS and TMB raise LTVs to 90%

HBOS pair Bank of Scotland and The Mortgage Business have increased their loan-to-value ratios to 90 per cent on a number of products.


News and expert analysis straight to your inbox

Sign up


    Leave a comment