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
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
