Friends set for impaired deal

Milner, Leah; Pow, Helen
August 2009
Money Marketing;8/27/2009, p32
The article reports that Great Britain-based Friends Provident PLC is set to reveal a tie-up with an impaired annuity provider. The company is in talks with Partnership Assurance over a referral deal. Chief executive officer Trevor Matthews of Friends says that following Resolution's takeover of the firm, another insurer with an annuity book will be a natural synergy. He emphasizes that the company needs to find a way to offer its customers alternative options for their annuity.


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