Former FSA chief Tiner joins Resolution

Resolution said that its offshoot, most likely to list in November, will participate in the "restructuring of the financial services sector." Resolution claims to have consulted capital providers and other industry stakeholders about strategic opportunities, and has confirmed significant investor focus on life assurance and savings, banking, credit and non-bank financial assets, as well as asset management and reinsurance and general insurance. Resolution plans to raise up to 20pc of the £5bn target initially to provide funding for potential early transactions, whilst avoiding dilutio...