Friends Provident

Pearl has launched a late fightback to assume control of Resolution, tabling a 720p per share offer.

Pearl has condemned Standard Life's offer for Resolution saying it does not offer ‘compelling value' for shareholders.

Resolution is mulling over a formal Standard Life offer of 517p and 0.715 SL shares for each Resolution share.

Pearl Group has attacked Resolution's proposed £1bn capital return plan, saying it is not in the best interests of shareholders.

Friends Provident expects its wrap will be ready for a staggered launch beginning in the first quarter of next year.

Friends Provident and Resolution have announced they are targeting a £1bn capital return to shareholders in both 2008 and 2009.

Resolution just minutes ago rejected an improved 691p per share cash takeover offer by Pearl Group.

Friends Provident has hit back at negative comments on its new business operations and strategy, saying they offer a "distorted view" of the company.

Resolution has knocked back Pearl Assurance's 660p per share cash takeover offer.

Qualified nurses will carry out the first stage of tele-interviewing for income protection provider Friends Provident as part of a shake-up of the firm's applications process.