Friends Life pension asset flow neutral despite AE stages

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Friends Life has reported neutral asset flows into its corporate benefits platform despite staging over 40 schemes for auto-enrolment (AE), its interim results show.

The insurer's corporate benefit assets under administration (AUA) increased by £1.9bn to £19.7bn in the first six months of 2013, but this was all due to investment returns. The firm saw inflows of...

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