Resolution is a FTSE-100 company that is specialising on consolidating the life insurance sector.
The owner of Friends Life (formerly known as Friends Provident) run by Clive Cowdery, this second investment venture, after creating the first Resolution that was sold to Phoenix Life, now the new Resolution, again consolidating life funds, it now owns Friends Provident, AXA Sun Life Holdings UK that it bought from AXA of France and it bought Bupa Health Assurance. Its public name is Friends Life
With over £10 Billion in revenues and £111 Billion of assets under management it is a larger player in the investment management and life assurance sector.
[http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=1901686]
The dividend yield is over 6%. Yes, in a climate of 0.5% interest rates, the yield is over 6%. Incredible.