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Aviva/Friends Life deal highlights £340bn opportunity for closed-book consolidators
Phoenix Group executives had expected hiatus in transactions
Regulators warned against "reckless prudence"
Capital requirements beyond reason says Davies
Standard Life confirms Ignis Asset Management talks
Insurer in advanced discussions to buy asset manager
Phoenix revolutionizes its actuarial systems and processes
Phoenix Group has embarked on one of the most ambitious technology transformations ever attempted which will see it replace its myriad legacy systems with one automated, unified system. It's also introducing daily solvency monitoring and embracing on-demand computing.