Resolution ends acquisition spree and abandons Friends Life split

clock

Resolution has confirmed it will make no more acquisitions and abandoned plans to split the Friends Life business after revealing a 58% fall in profits.

The life insurance consolidation vehicle, which has acquired Friends Provident, Axa UK Life and Bupa Health Assurance since 2009, recorded an operating profit before tax of £163m in the first half ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

AMNT calls on incoming government to make pensions a priority

AMNT calls on incoming government to make pensions a priority

Poor retirement outcomes means pensions should be ‘front and centre’ of policy decisions

Jasmine Urquhart
clock 11 June 2024 • 2 min read
Conservative manifesto unveils pensions tax pledge

Conservative manifesto unveils pensions tax pledge

Election manifesto promises not to introduce any new taxes on pensions

Martin Richmond
clock 11 June 2024 • 4 min read
Mercer to acquire Cardano

Mercer to acquire Cardano

Deal comes in bid to position Mercer as ‘provider of choice’ in UK and Netherlands

Jonathan Stapleton
clock 11 June 2024 • 2 min read
Trustpilot