Resolution says it has "multiple routes" to complete its UK life consolidation project including further scale transactions, a series of smaller bolt-ons or a combination of the two.
Friends Provident CEO Trevor Matthews was today unveiled as chairman of the re-licensed FSSC.
Resolution chairman Mike Biggs says the company's life assurance consolidation project "is now underway" after this morning completing the acquisition of Friends Provident.
Financial advisers may be able to time-bar client complaints by altering their terms of business (ToB) contracts in a dramatic development in the ongoing long-stop saga.
Former FSA chief executive John Tiner will join the New Star board as a non-executive director.
IFAs have slammed the Financial Services Authority (FSA) for spending almost £11,500 on departing chief executive John Tiner's two leaving parties.
The Financial Services Authority (FSA) spent more than £11,000 on former chief executive John Tiner's leaving party.
The Association of IFAs has welcomed the appointment of Hector Sants as chief executive of the FSA, but also points out his "little experience" in the retail adviser market.
Resolution, the FTSE 100 closed life fund consolidator, has ousted its chief executive Paul Thompson and replaced him with Mike Biggs, the finance director, reports the Times .
Although I agree with the regulators move to lighter touch and principle-led compliance, I sometimes miss the old style heavy-handed compliance regime with thousands of pages of rules and guidance to read.