Resolution to expand annuities and protection

In its year end results, the insurer specialising in managing closed life funds Resolution states as “part of our customer strategy, we are developing plans in 2007 to increase our retention of annuities from vesting in-force pension policies to the mutual benefit of policyholders and shareholders”. And in the presentation accompanying the results, Mike Biggs, group chief executive of Resolution, says one of the options the company is investigating in relation to this is the establishment of a “separate shareholder-owned annuity company in 2007”. At the same time, Resolution has confir...