I am watching bemused at the antics of our great industry/profession.
In the old days when companies amalgamated, there was a saving somewhere, which allegedly was passed down to the clients/policyholders.
However, since AMP screwed NPI, I view this constant merry-go-round as a “get very rich” scheme designed to do nothing for the people we told to trust in us when we chose a company for them to invest in for their life savings. What benefits would have arisen from Pearl or Standard Life if they had got into bed with Resolution?
Friends Provident picks up a very nice bonus for not getting into bed.