Kevin Carr, chief executive of the Protection Review, says forecasts of just five major players in the UK life space may prove accurate after all...
With the dust still settling on Prudential's AIA venture, news breaks that Clive Cowdery's Resolution is in talks with AXA about buying most its UK life business, including its UK IFA protection arm, for £2.8bn. Should this deal go through, which, speaking to a few insiders, already seems more than likely, it is thought AXA's book will be merged with Friends Provident, the life office Resolution bought last year for £2bn. The initial market reaction seems positive. The protection industry needs focused life offices delivering quality, competitive products backed by strength and servic...
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
