Resolution, the buy-out vehicle launched by entrepreneur Clive Cowdery, is highly unlikely to make any further acquisitions and will instead focus on developing new life products.

The asset threshold over which individuals cannot access state help with long term care (LTC) bills has been frozen at £23,250 until 2013.

Poor knowledge of the system of lasting powers of attorney (LPA) has left many pensioners seeking long-term care facing delays and other problems, solicitors say.

Former Legal & General IFA sales director Iain Clark will join LV= as director of protection.

IFAs are under-equipped to benefit from a looming explosion of interest in long term care products, says a market specialist.

Resolution confirmed it has acquired the Axa UK Life business, including its protection, corporate benefits and annuities arms.