The news comes as Resolution reports its results for 2009.
New business sales fell 13 per cent over 2009 to £873m compared with more than £1bn the previous year.
Sales on an annual premium equivalent basis in the fourth quarter were £368m up 21 per cent from £305m for the same quarter of 2008.
The firm says sales in Q4 were boosted by the seasonal increase in Lombard sales.
Lombard sales reflected the seasonal profile of previous years at £199m for the fourth quarter, bringing the total for 2009 to £273m compared with £246m over 2008.
The firm saw a 33 per cent growth in funds under management on the its New Generation Pensions platform to £9.7bn at December 31, 2009, compared to £7.3bn at the end of 2008.
UK corporate sales mainly relate to pensions business which was £91m for the quarter on an APE basis, down £12m compared to the fourth quarter of 2008. Q4 2008 included £14m from a large one-off increment to an existing scheme.
The significant majority of group pensions new business represents increments to existing schemes, which the firm says were depressed in 2009 due to economic conditions.
The firm says, following the announcement of the proposed acquisition by Resolution, a number of consultants removed Friends Provident from their panels. Friends Provident has now been reinstated on all the major target panels but this temporary removal in the last quarter of the year reduced the pipeline for new schemes, which is likely to be reflected in reduced new business from new schemes in the first quarter of 2010.
Resolution Operations chief executive John Tiner says: “In the fourth quarter of 2009 Lombard and Friends Provident International reported strong performances.
“In the same period the UK business continued to reflect a market which we believe is ex-growth. This dynamic continues to demonstrate the need for consolidation of the UK life insurance industry and a necessary refocusing on value and transparency for investors.”