UK insurer shares fall after takeover update

The UK’s biggest manager of closed life insurance funds today ended speculation that it could be taken over in a £4 billion-plus deal.

The UK’s biggest manager of closed life insurance funds today ended speculation that it could be taken over in a £4bn (€5.9bn) -plus deal.

Prudential and Standard Life had been seen as potential bidders after Resolution said in November that it was in discussions with various parties, including talks that may have led to an offer for the company.