Friends Provident's strategic review wasn't just the tale of cutbacks reported in the mainstream media. As Rocco Sepe and Paul Tunnicliffe explain to Sarah Godfrey, the new focus on the international side of the business is somethi ng to celebrate
When Friends Provident announced the results of its strategic review at the end of January, most of the public attention focused on the 600 job cuts at the life and pensions giant. It even made the top story on Yahoo! News, better known for its in-depth coverage of Mesdames Winehouse and Spears. Even the investment press tended to focus on the proposed sale of F&C Asset Management and the abandonment of Friends Provident's nascent wrap. At the same time, many international life offices have been nervously waiting to see whether Chancellor Alistair Darling will cut them any slack in his pr...
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