[Skip to content]

Private Healthcare UK
Search our Site

This website is certified by Health On the Net Foundation. Click to verify.
This site complies with the HONcode standard for trustworthy health information:
verify here.

Advertisement
.

Another new owner for Scottish Provident?

Scottish provident logo
Resolution Life, owners of Scottish Provident International Life Assurance (SPILA), has confirmed press speculation that a competitor may acquire it. The company acquired SPILA from the Abbey Group in the summer of 2005, along with its other life assurance companies.

A statement from Resolution says: 'Resolution confirms it is currently in very early discussions with various parties concerning a wide range of possible transactions, including acquisitions, business combinations, or a possible offer for the company.'

Resolution plc is the largest specialist manager of UK closed life funds with approximately 6 million policies and combined life company assets of £35bn. So it was an unusual step for Resolution to buy an active life company.

Standard Life is believed to be one of the potential buyers.


 
Related links

Critical Illness Insurance : News update: December 2006