View more on these topics

Standard Life set to join Resolution bidding war

A bidding war for Resolution is set to take off this week with Standard Life and Swiss Re planning a joint rival bid for the provider.

The pair are both set to announce their intentions with a statement confirming their discussions likely to be made public later today.

Standard’s planned move with the world’s biggest reinsurer became all the more likely after Hugh Osmond’s Pearl launched a bid in tandem with Royal London, with a 660p a share approach made, and subsequently rejected last week.

Standard Life is now expected to trump that bid with the group’s chief executive Sandy Crombie declaring the group’s interest in the firm last month.

However, both Standard Life and Swiss Re will need to move fast as Resolution investors will meet to vote on the Friends Provident deal in just three weeks.

Should Standard Life’s bid be successful, Swiss Re would be expected to take on Resolution’s closed fund business, with Standard taking on the fund management, protection and health arms.


Row over FSA ‘briefing media against the BoE’

MPs have demanded answers from the FSA over suggestions that the regulator briefed the media against the Bank of England over the Northern Rock fiasco.At a Treasury select committee meeting this week, chairman John McFall confronted FSA chairman Callum McCarthy and chief executive Hector Sants with the allegation that FSA staff were the source of […]

Retail therapy

Now could be the time to put some of the UK’s retailers in your shopping basket


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm