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 underlying...
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This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.