Monday 02 April 2012 9:00 pm  |  Updated:  Thursday 30 May 2019 1:06 pm

Friends Life on negative watch

By: KCS-content

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Two major ratings agencies have put insurer Friends Life on negative watch. Both Fitch and Standard & Poor’s say that the business, owned by FTSE 100 group Resolution, has failed to reach the expected level of profitability.