Friends Provident

Friends Provident and L&G have joined Norwich Union in making reductions to exit values on their with-profit funds to combat volatile market conditions.

Trevor Matthews, chief executive of insurer Friends Provident, is believed to be running the rule over HBOS's 59% stake in St James's Place Capital (SJP), the wealth manager, The Independent on Sunday reports.

Friends Provident will host its third online adviser seminar tomorrow, with a focus on changes to welfare reform and the impact on clients.

Friends Provident has enhanced its corporate pensions offering by adding SIPP and income withdrawal options to its New Generation Group Personal Pension.

Aviva and Friends Provident have revealed a combined near-£300m exposure to Lehman Brothers in the wake of the investment bank's slide into bankruptcy this week.

Friends Provident admitted it was left surprised by the extent of its almost 18% share price slide yesterday.

Clive Cowdery's new Resolution Limited vehicle has hinted it could make a future offer for insurer Friends Provident.

Resolution founder Clive Cowdery is considering a move to break-up former merger target Friends Provident.

Friends Provident's sale of F&C and Lombard remains on track but the insurer will not be forced to offload the units unless the price is right, new chief executive Trevor Matthews says.

Friends Provident says it will press ahead as planned with implementing its new UK strategy despite having its insurance financial strength rating cut by Moody's.