Resolution policyholders to see a payout - papers 4th April

Further details of the results for the life insurer and asset management firm reveal Resolution has been able to free up extra cash for its seven million policyholders – accumulated through a string of acquisitions of both whole companies and books of business no longer open to new customers – by restructuring the business and releasing capital previously held for regulatory purposes. Policyholders to benefit are those from the Britannic Industrial Branch fund – containing company pension schemes and pensions sold through advisers – along with policies previously under Swiss Life and Phoe...