• completed the windup of 9 schemes
  
• issued 2554 individual polices
• completed a rights issue drawing down £5m
  
• developed a longevity risk transfer solution for defined benefit pension schemes
• been reaccredited with ISO 27001 certification

• had secured in total the pension promise in respect of 38,000 pensioners and 7,500 deferred members of 42 pension schemes
  
• paid monthly pension payments of £13 million
  
• completed the year’s largest immediate fully insured full transfer of liabilities (including data risk) (PD Pension Plan - £400 million) and the UK’s first phased pension scheme buyout (Morrison Bowmore) 
  
• became the first insurer to achieve ISO 27001 certification for the entire organisation
• introduced a quarterly buyout index.  The index works as a benchmark for advisers to use with clients in assessing the affordability of buyouts.
  
• won the following awards:
  -  Financial News’ Deal of the Year - awarded for the P&O Pension Scheme transaction
  -  Life & Pensions’ Pension Agreement of the Year – awarded for the Emap transaction
  -  Professional Pensions’ Specialist Insurance and Buyout Provider of the Year
• were ranked in the Financial Times 50 Best Workplaces in the UK
  
• had a 15% share of the bulk annuity market
• achieved full year premium income of £1.1 billion
  

In 2007 we:

• had secured in total the pension promise in respect of 17,721 pensionsers and 4,100 deferred members of 29 pension schemes
• completed the largest ever bulk transaction (P&O - £800 million), the largest e-auction (Eni Lasmo - £150 million) and the first full immediate de-risking of a company’s obligations in respect of its pension scheme (Emap - £170 million)
• developed a National Average Earnings Index (NAEI) hedge for which we were awarded ‘Insurer Innovation of the Year 2007’ by Insurance Times
• were No. 1 in the bulk annuity market with 48% market share
• achieved full year premium income of £1.4 billion. 

In 2006 we: 

• secured £500 million of equity financing from a number of institutions (including Deutsche Bank and Eton Park International LLP)
• gained regulatory approval from the Financial Services Authority
• agreed the transfer of liabilities and assets for our first scheme (Cuthbert Heath Family Plan) 
• paid our first pensioner
• opened our head office in London and our office in Mumbai where our team of qualified and trainee actuaries and accountants support our pricing and investment activity
• achieved full year premium income of £123 million.

In 2005 we:  

• were founded by Mark Wood in December.  The initial development of Paternoster was funded by Numis.