Friends Provident has linked its desire to demutualise to its ambitions in the stakeholder pensions ...
Friends Provident has linked its desire to demutualise to its ambitions in the stakeholder pensions marketplace. Analysts estimate the market value of the mutual on the stock exchange at around £4bn, although Keith Satchell, group chief executive of Friends Provident, said the mutual had not yet decided how much it would look to raise through a flotation. Satchell said: "We are competing well and over the short term this will continue. However, we have decided to list so we can grow in the medium to longer term. Stakeholder and the general trend of margins getting thinner means companies ...
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