Friends in need?

August 2009
Money Marketing;8/20/2009, p24
The article reports on the impact of the merger of Resolutions LLC and Friends Provident PLC in Great Britain. Charles Stanley of Stockbroking firm, infers that he has mixed feelings about the deal because Friends had started to make good progress on its own. Laith Khalaf, pensions analyst of Hargreaves Lansdown, mentions that the move of Resolutions to buy other life companies and merging with Friends Provident can lead to problems such as losing staff and merging administration associations.


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