Cowdery 'to net £160m' from Aviva's shock Friends Life takeover

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Clive Cowdery, the former head of Resolution and major shareholder at Friends Life, is set to walk away with £160m from the £5.6bn takeover deal announced on Friday.

The Sunday Times reports the insurance tycoon (pictured) holds £39m in Friends Life shares and will also net another £120m from a bonus plan.The report said the plan originated when his consolidation vehicle,...

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