Friends poised for Hay bid

Blackmore, Nicole
July 2009
Money Marketing;7/23/2009, p1
The article reports on the plan of insurance company Friends Provident PLC in acquiring Sipp and James Hay, both subsidiaries of financial firm Santander Finance Ltd., in 2009 in Great Britain. It states that Sipp has a total asset of ten billion British pounds, wherein some of it are considered wrap funds. The move of Friends will allow them direct access to the wrap market.


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