Overview:

Introduction

The life and pensions industry is regarded as being capital-intensive and complicated with providers dedicating most of their time and energy into managing products that are closed to new business. Resolution aims to create scalable operations which should then be able to compete more effectively in their markets and, in turn, deliver improved economic returns to shareholders.

Features and benefits

* Gain insight into the methods used by Resolution to give them a competitive edgel.
* Identify the implications of Resolution’s activities on the UK life and pensions market.

Highlights

Resolution seized the opportunity to consolidate what it sees as a slow-moving life industry by acquiring Friends Provident for in 2009. However, the industry must be cautious of the insurer heavyweights that will emerge in its wake.

Your key questions answered

* Examines the key strengths of Resolution’s strategy and why this approach may appeal to the life and pensions industry.
* Analyses the elements of Resolution’s offering and highlights points where Resolution may fail to succeed.

DATAMONITOR VIEW
Catalyst
Summary
ANALYSIS
The UK life and pensions market must be consolidated
The UK life and pensions industry is highly fragmented and capital-intensive
Regulatory pressures and the need to bring the customer to the fore is driving consolidation
Resolution is the driving force behind the consolidation of the UK life and pensions sector
Resolution has the financial structuring to achieve its goal of consolidating the life and pensions sector
The acquisition of Friends Provident Group plc represents the start of Resolution's first project
Resolution acquired the UK life arm of AXA for £2.75 million
Bupa Health Assurance is its latest acquisition but it adds little in terms of assets
Resolution must serve existing customers well to differentiate its business from others
Service levels for existing clients must be maintained to have a viable business to sell on
Consolidation could create heavyweights that will limit product choice for consumers
There remains an opportunity for further acquisitions
Resolution still has scope to extend its market shares in protection and workplace pensions
The acquisition of an asset manager by Resolution should not be ruled out
APPENDIX
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