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Resolution calls for clarity on rival bidders

Resolution has requested that the firms takeover panel sets a timetable for possible bidders to clarify their positions on the firm ahead of its merger with Friends Provident.

Both firms intend to publish documentation relating to the merger in early October and believe that it is in the best interests of Resolution’s shareholders to be given the time to consider such offers prior to the EGM vote.

Pearl and Standard Life have expressed an interest in launching a counterbid for Resolution having been given permission to see the group’s book of business, though no firm bid has since been launched.

Resolution has also confirmed that it is continuing to offer due-diligence and management meetings for potential bidders.


Northern Rock to not pay interim dividend to shareholders

Reports on the BBC have suggested that Northern Rock will not pay the interim dividend it announced in July before its recent turmoil.According to the BBC, the firm has come under pressure from both the FSA and the Treasury not to make the payment of £59m.The article says that it is likely the bank will […]

Misleading claims won big payouts

Many people who received compensation from the pension review provided misleading information to the regulator and should never have received a payout, according to an ex-PIA director and leader of the review.Speaking at a Social Market Foundation/Provident Financial event at the Labour conference in Bournemouth this week, Lord David Lipsey said in his experience, some […]

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Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.


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