Friends Provident

Friends Provident has admitted tackling the wrap marketplace was a much more difficult proposition than it imagined.

F&C has delivered some enticing 2007 results for potential bidders, notching up record UK retail fund sales.

Friends Provident has reported a 9% fall in Q4 UK life and pensions sales, as its investment and protection businesses continue to struggle.

Friends Provident has announced it will offload its 52% stake in F&C and scrap its wrap development.

Standard Life's head of UK business Trevor Matthews has quit to join Friends Provident as group CEO. He takes over the role made vacant by Philip Moore, who resigned in November following the collapse of the firm's proposed merger with Resolution.

Friends Provident International (FPI) has launched a global protected fund with an initial Asia-Pacific bias.

A total of 5% of people lie on insurance applications, according to research by Friends Provident.

JC Flowers, the US private equity firm, has made a 175p per share informal offer for Friends Provident and is expected to update the market this week on its approach to the troubled UK insurer, The Times reports.

Friends Provident could offload its 53% stake in asset management firm Foreign & Colonial, according to national newspaper reports over the weekend.

Friends Provident has increased most of the final bonus rates on its with-profits pension products.