Life offices are under the spotlight again this morning, after Friends Provident and Legal & General...
Life offices are under the spotlight again this morning, after Friends Provident and Legal & General revealed their financial status and new business figures, says the FT, while AMP revealed plans to "spin off" some its UK operations. AMP says it will demerge its financial services and funds management businesses along geographic lines - Australasia and the UK, so it can take a £1bn writedown and shake off Pearl, NPI and London Life - all of which are still or have been in serious financial trouble. It seems Friends Provident is faring better than most, according to the FT, as it ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
