Friends posts loss as pension sales plummet - UPDATE 2

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Friends Provident made a loss of £871m during 2008 as individual pensions and protection sales plummeted, and new investment business was almost wiped out.

The group also failed to confirm a dividend amount for shareholders due to complications arising from the redistribution of F&C. While Friends Provident posted a £420m profit on an EEV basis, its...

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