Resolution 'well placed' after governance changes

An announcement to shareholders confirmed Resolution, which owns and operates life and pensions firm Friends Life, would sever ties with ROL eight months before its contract was up, at the cost of £7.5m. Both firm's boards have also previously announced changes. Analysts RBC said the announcement was positive as the payment was smaller and sooner than expected. RBC said the group was "operationally well placed". "As the UK's second largest corporate pensions writer, Friends Life Group is well placed to benefit from the asset shifts we expect in the UK (government to private se...