Financial Times FT.com

Tide turns over incentives for life policies

By Andrea Felsted, Insurance Correspondent

Published: November 20 2008 22:57 | Last updated: November 20 2008 22:57

On a dark January day, Jim Smart, then finance director of Friends Provident, revealed a shake-up in its UK life business.

“The omens were there. It was a pretty sombre day for the company,” recalls Mr Smart, who left Friends in August.

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