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Friends Provident for sale?

Friends Provident
The likelihood that insurer Friends Provident will be sold or even broken up, increase dramatically as the embattled insurer embarks on a full-scale two-month strategic review after the departure of Philip Moore, its chief executive.
 
Moore’s had become untenable after the collapse last month of an £8.5 billion merger deal with Resolution, the closed life fund.
 
The insurer could remain independent, but has ruled nothing out in the review.
Income protection news: 16/11/2007