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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.

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Healthcare predictions for 2015 from Jelf Employee Benefits

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