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Friends Provident

Friends Provident is said to be considering plans to relocate its London headquarters to a 50,000 sq ft office at One New Change.

Friends Provident has acquired the Bankhall financial services business from Skandia UK, in order to expand its Sesame division with the transfer of up to 224 staff.

Friends Provident, the life assurance company, is to be acquired by Guernsey-based acquisition vehicle Resolution for £1.86bn.

Friends Provident is to relocate its customer services, IT and other support functions from the Manchester Express building to Spring Gardens by the end of next year, but up to 280 of the 465 jobs could be lost.

Friends Provident is to acquire Sesame, the IT support business for independent financial advisers, from Misys for £90m, as well as Pantheon Financial, the Leeds-based independent financial adviser with 82 staff, for £17m.

Friends Provident is to set up an office in Singapore later this year, in order to expand its life and pensions products into Thailand, Indonesia and Malaysia.

Friends Provident is to sell Isis Equity Partners to its 37-strong investment staff for up to £10m.

Friends Provident is to acquire Lombard International, the Luxembourg-based life assurance company, for up to £414m.

Friends Provident is looking to spend up to £1bn on acquisitions to expand its fund management business.

Friends Provident has sold its individual savings accounts and unit trust business to Friends Ivory & Sime for £129m, and is now planning to demutualise and seek a listing on the London Stock Exchange later this year.

Friends Provident, the mutual life assurer, is considering plans to seek a stock market listing next year, and the proceeds would be used to expand its stakeholder pensions business.

Friends Provident has announced a £750m bid for London & Manchester, the home services insurer, in a rare attempt by a mutual to acquire a publicly quoted company.

Friends Provident, the mutual life assurer, has announced a reverse takeover of Ivory & Sime, the fund manager, in a £132m deal that will result in the creation of a group called Friends Ivory & Sime.

Friends Provident has acquired Cinman, the British Coal pension fund management concern.