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Friends Provident (FP)

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Thursday 07 August, 2008

Friends Provident

Friends Provident - Chairman Interviewed on Int...

LONDON, August 7 /PRNewswire/ --     Friends Provident, the UK financial 
services group, today announced its
half-year results and updated on the implementation of its new strategy to
focus on less capital intensive market segments and to become self financing.

    In a video interview Sir Adrian Montague, Chairman, said the group was on
track with its new strategy but there was "still a lot to do".

    "The whole of this strategy will prepare us for the difficult times that
we're living through. We are living within our means. We're writing business
for profit, not for volume. And the result of all of that is that it is a
business which is well capitalised, which does not need to be in either the
debt or the equity markets. We do not need to raise capital. And, overall,
we're well placed to deal with whatever the future throws at us."

    Jim Smart, Group Finance Director, looks at the results including balance
sheet and dividend policy while Trevor Matthews discusses his initial
priorities as the company's new CEO.

    The interviews, transcripts, podcasts and vodcasts are available now on Cantos interviews are also available
on our CEO Insight page on iTunes.

    It's free to view. All you need to do is register at, the online financial broadcaster, features
in-depth interviews, documentaries and webcasts with senior company
executives. If you would like to contact us, please email
[email protected] or phone +44(0)207-936-1333.


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