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Friends Provident relocates head office

Friends Provident is relocating its headquarters to the One New Exchange development in the City of London following the acquisition of AXA’s UK life business by parent company Resolution.

The move is expected to take place in April, when Friends Provident will leave its current site in nearby Wood Street.

Around 200 staff will initially be based at the new site, which will become the group’s headquarters, including the firm’s executive directors and corporate teams.

Friends Provident executive director of operations David Hynam says: “We are excited about the move which will give us the space to bring our recently expanded business together under one roof, while still remaining right at the heart of the city.”



OFT: CPMA should have statutory objective to promote competition

The Consumer Protection and Markets Authority should have a statutory objective to promote competition, according to the Office of Fair Trading. Giving evidence to the Treasury select committee this morning, OFT chief executive John Fingleton said the move would be consistent with the Government’s intentions for the CPMA. He said: “The CPMA should have a […]


Unemployment rises to 2.5 million

UK unemployment rose by 49,000 to 2.5 million in three months to November 30, 2010, the Office for National Statistics has revealed. The unemployement rate for those aged 16 to 24 also rose by 32,000 in the quarter to reach 951,000. This is the highest figures since records began in 1992 and now means that […]

No CPMA veto for select committee

The Treasury select committee will not have the power of veto over the appointment of the chief executive of the Consumer Protection and Markets Authority. Treasury financial secretary Mark Hoban replied to a written question from Conservative MP for West Worcestershire Harriett Baldwin, who asked if proposals for the power would be brought forward. He […]


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