Standard Life has pulled out of the protection market, describing its own proposition "sub-scale" and non-profit making.
The introduction of personal accounts must not "paralyse" the savings industry, says Standard Life.
Philip Moore, Friends Provident group chief executive, is set to step down today following the collapse of the firm's merger with Resolution.
The Hugh Osmond led Pearl Group is almost certain to acquire Resolution after Standard Life yesterday gave notice to terminate its offer.
HMRC has lost a disc containing personal information on Standard Life customers who are contracted out of the state second pension.
Standard Life is pulling out all the stops in its bid to snatch Resolution from the rival Pearl Group.
Pearl has continued its assault on Standard Life, claiming it has launched a "dilutive, value destructive bid".
Pearl Group has called on Standard Life to show its hand after announcing it will block the insurer's current offer for Resolution.
The Takeover Panel has reportedly reprimanded Standard Life for breaching takeover rules in its announcements regarding a possible offer for Resolution.
The Hugh Osmond led Pearl Group is having "difficulty understanding" why Resolution has not recommended its cash offer to shareholders.