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Resolution looks for buys or merger

Resolution is on the acquisition trail and has not ruled out merging with a bigger rival or offers for the firm. It is understood to have met life offices, including Standard Life and Pru.

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Analysts clash over life source

A City analyst has accused consultant Ned Cazalet of exaggerating the level of churning in financial services and argues that persistency problems lie primarily with life products rather than pensions.The paper from analyst Fox-Pitt Kelton is entitled The DNA of Life and says market growth is real and not just churned business.The claims fly in […]

Jupiter wants end to life office contracted-out monopoly

Jupiter has called for an end to the life office monopoly on contracted-out pension money and says insurers have done a mediocre job looking after these funds.Pensions development manager Jamie Fergusson says there is no reason why the millions of pounds in funds from people who have contracted out of the second state pension should […]

BBB creditors set to get just 8.9p in the pound

Creditors expecting any recompense out of Berkeley Berry Birch look set to be disappointed, with only 8.9p in the pound likely to be recovered.Administrators PricewaterhouseCoopers’ latest update is a blow to creditors, who were told in April that they were likely to get 13p in the pound. Most had been hoping for 20p in the […]

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