Colin has been quoted in FT Adviser this week:
Last Friday (November 21) Aviva confirmed that it has reached an agreement on a Friends Life buyout that could be worth £5.6bn.
Speaking to FTAdviser, Colin Rodger, Managing Director at Alexander Sloan Financial Planning, said “Friends Life were never one of our “go to” providers. Good brands like Sun Life and Friends Provident were absorbed into a directionless mix. The business lacked focus and always seemed less than the sum of its parts.
“I think Aviva will have to work hard to get value from the acquisition. The market’s immediate reaction indicates as much with Friends Life shares up and Aviva shares down.”