Friends Life will continue to ‘regionalise' it's international operations and capitalise on RDR achievements to comply with increased regulatory constraints globally, confirms John Van Der Wielen, managing director of the firm's international businesses.
Commenting on the firm’s interim results for 2011, Van Der Wielen said that despite a 6% increase in sales volumes “International operations had been impacted by difficult market conditions, mainly in Germany.” Van Der Wielen says a strategic review of international operations was well underway for release in the second quarter of 2012, but in the meantime the focus will be on growth markets and higher margin products. Van Der Wielen confirmed that Friends Provident International will be rolling out the latest Friends Provident International regular premium unit linked savings product to...
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