Regulators approve Aviva-Friends Life merger

clock

The merger between Friends Life and Aviva has been cleared by the regulators, meaning that only the shareholder vote now remains to be cleared.

The deal was cleared by both the Financial Conduct Authority and the Prudential Regulation Authority, as well as the European Commission.

The £5.6bn deal will see the two firms merge and create an insurer with 16m UK customers, Aviva's shareholders will vote on the deal on 26 March 2015.

The merger would then be effective from 10 April 2015 and shares will be traded on the London Stock Exchange from 13 April 2015.

Friends Life is the parent company of Sesame, the restricted adviser network which was revealed in January 2015 to be in need of financial support to remain viable.

More on Insurer

BHSF adds two senior appointments

BHSF adds two senior appointments

Clare Enstone and Georgina Callaghan join

Cameron Roberts
clock 21 August 2025 • 2 min read
Aviva launches life insurance partnership with Tesco

Aviva launches life insurance partnership with Tesco

Product available to shoppers and Clubcard members

Cameron Roberts
clock 20 August 2025 • 2 min read
Next Intelligence adds National Friendly to protection panel

Next Intelligence adds National Friendly to protection panel

Upcoming panel expansions planned

Jaskeet Briah
clock 20 August 2025 • 2 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read