Paternoster dual recruitment

The UK's newest entrant to the bulk-purchase annuity market, Paternoster, has recruited risk management modelling specialist, Cliff Speed, from Hewitt Associates, where he was principal consultant. In addition to his work for Hewitt, Speed also sits on various committees at the Institute of Actuaries and he was a member of the Faculty Council in 2004. Hewitt has yet to announce a replacement.

Speed is set to be joined by Paternoster chief executive Mark Wood's former Prudential colleague Ian

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