Friends Life International reports drop in sales

International performance continues to be affected by market and operating headwinds which are “adversely impacting” the business, FLI singles out problems in the Asia and Europe. “In Asia, market volatility has negatively impacted investor sentiment and competitive pressure has increased. Further, market conditions remain difficult in Europe with Eurozone investor confidence remaining impacted by economic concerns. Sales through AmLife, the Group's 30% owned Malaysian joint venture, have been maintained at a comparable level to that achieved in the final quarter of 2011 and continue to...