Friends Life

Resolution has cancelled an intended £250m payout to shareholders after reconsidering the expected capital requirements of Friends Life.

Friends Life has launched Friends Life Investments (FLI), its in-house asset management business with £6bn assets under management.

WRAPS

Friends Life International has suffered a 20% drop in sales volumes on the same period in 2011. Sales figures were £51m in Q1 2012 compared to Q1 2011 sales of £64m.

Friends Life increase new business in the last three months with total sales on reaching £292m - up 8% on the same period last year, results released today show.

Sesame Bankhall Group (SBG) has announced the product providers for its restricted advice offering, due to be launched in Q3.

Friends Life has increased the commission advisers receive on its income protection policies by approximately 15% in a bid to bring it into line with commission received on critical illness and life products.

Two-thirds of IFAs do not account for long-term care within clients' financial planning; according to a survey.

Members of workplace pension schemes run by Friends Life increased by 4% between 2010 and 2011, the insurer said.

Almost 50% of consumers would find government compulsion to save into a private pension scheme helpful, research suggests.