Buyout vehicle Resolution expects to have £500m of excess cash to return to shareholders over the next 12 months after completing its work examining the cash and capital position of Friends Life, its new proposition formed from the merger of Friends Provident...
Friends Life has appointed David Still to the newly created position of director, retirement income in a bid to increase its presence in the annuities market.
Friends Life has launched today with five million customers across the pensions, investment and insurance markets in the UK.
Resolution, the buyout vehicle launched by entrepreneur Clive Cowdery, is highly unlikely to make any further acquisitions and will instead focus on developing new life products.
Friends Provident has named Colin Williams as director of its corporate business after Paul McMahon quit the firm to join rival Aegon.
Mercer has signed up three of the UK's biggest corporate benefit providers to launch a corporate wrap platform to meet the rapidly changing market place.
Friends Provident has named Colin Williams as director of its corporate business after Paul McMahon quit the firm to join rival Aegon.
Panellists discuss the challenges they expect to see DC schemes combat throughout the coming year
UK - Friends Provident's Trevor Matthews is to step down as chief executive and hand over the reins to former Scottish Widows chief Andy Briggs.