Friends Provident extends timeframe for profits target

Life insurer Friends Provident today warned it would take longer than expected to achieve profits targets after a cooling housing market hit its mortgage protection business.

Friends Provident extends timeframe for profits target

Life insurer Friends Provident today warned it would take longer than expected to achieve profits targets after a cooling housing market hit its mortgage protection business.

The company had aimed to make between £180m (€265m) and £200m (€295m) in new business profits from the UK in 2008, a target set last October.

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