Resolution is moving smartly to integrate Friends Provident and Axa’s UK life arm, its two big deals so far, suggesting that another acquisition could be just around the corner... more
Free medical treatments could be cut back in the next decade as the NHS struggles under the strain of Britons’ unhealthy lifestyles, a report warns... more
When I visited the office of Barclays chairman Marcus Agius recently, he proudly showed me a corridor, the walls of which were covered with portraits of the bank’s founders. Quakers.
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The Friends Provident/Resolution merger is a great deal. For a very small number of people. Resolution founder Clive Cowdery in particular has done well ... ... more
Around 700,000 small investors in Friends Provident were today offered much less than half what the shares were worth at flotation eight years ago to sell their holding to insurance tycoon Clive Cowdery ... more
Life assurer Friends Provident today slammed the door on Resolution boss Clive Cowdery and said discussions about a possible tie-up were well and truly over... more
Friends shareholders were told today that Resolution’s takeover plan would pay them a minimum £1500 cash sweetener and preserve their dividend
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Sir David Walker last week unveiled proposals to encourage shareholders to take more interest in their investments in the hope that their greater involvement would prevent a recurrence of the boardroom failures that contributed to the banking debacle
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Friends Provident unveiled a link-up with Tesco in a boost to new chief executive Trevor Matthews’ plan to turn around a business that has been floundering... more
Trevor Matthews, the financier poached from Standard Life to run Friends Provident last year, received a £4.6 million golden hello from his new employer... more
Trevor Matthews unleashed a flood of red ink in his first full-year results as chief executive of Friends Provident, but insisted the insurer is turning around... more
Life insurer Friends Provident abandons the sale of wealth management unit Lombard and its stake in F&C Asset Management as chaos in the financial markets scupper any deals... more
Life insurer Friends Provident abandons the sale of wealth management unit Lombard and its stake in F&C Asset Management as chaos in the financial markets scuppers any deals... more
It is rare for a company to be destroyed by a good idea but that is effectively what happened to Friends Provident. Last year it tried to take over cash-rich Resolution Life as a way to continue to finance its own expansion in wealth management and traditional pension and insurance products... more
Would you buy a used life policy, or even a new one, from this lot? The mugs at the top of our life assurance companies appear to have hardly a clue what they're doing... more
More related topics: Trevor Matthews (Executive) and
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