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Friends Prov sells industrial branch business

Friends Provident has sold its 650 strong Personal Financial Services operation the former London & Manchester salesforce, to Royal Liver Assurance for an undisclosed fee.

The move ends Friends Provident involvement in industrial branch business. Friends Provident says it has been running the sales team alongside its own sales force since its takeover of London and Manchester in 1998.

Royal Liver says there will be no job losses as a result of the deal.

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