Friends Provident

Friends Provident and Legal & General have signed distribution deals to give Bankhall's 20,000 RIs access to it mortgage-related protection business.

Friends Provident is using £20m worth of unclaimed demutualisation shares to create a charitable foundation of ‘new thinking' into how money is used to solve society's problems.

Friends Provident has now launched an online income protection application which also allows intermediaries to track the progress of policies to issuance.

Friends Provident's subsidiary ISIS Asset Management is to merge with competitor Foreign & Colonial to create the UK's fourth biggest asset manager by funds under management.

ISIS Asset Management, the investment services subsidiary of Friends Provident, is forecasting an increased supply of lower-risk socially responsible investment (SRI) funds in response to demand from consumers and IFAs.

Over 100,000 former mutual members of Friends Provident now have just two months left to claim their windfall from the demutualisation of the life office in July 2001.

Friends Provident has announced big cuts to payouts on its with profits policies following another one of its semi-annual bonus rate reviews.

The FTSE 100 has managed to the close the week up and over the 4400 barrier, after Aviva reported full-year profits are likely to be higher than previous predictions.