16 JUL 2020

Ardan parent IFGL acquires Friends Provident International

Ardan’s parent company, IFGL is delighted to announce that the deal to acquire Friends Provident International (FPI) from Aviva has completed and FPI is now part of IFGL.

IFGL Chief Executive Officer David Kneeshaw said: “I am delighted that the acquisition has completed and we can now focus on our exciting plans for FPI and IFGL. I believe strongly the deal will benefit FPI’s policyholders, financial advisers and staff.

“While integrating FPI into IFGL will be a key priority over the coming months, our growth strategy remains unchanged. We will continue to look for opportunities to grow both organically and through further acquisition.

“We will be announcing our exciting plans for IFGL over the coming weeks.”

There are no changes at all for Ardan customers or financial advisers as a consequence of the acquisition.

IFGL comprises RL360, RL360° Services, Ardan International and now Friends Provident International. The group employs over 700 staff and administers assets of £17 billion for over 230,000 customers (all figures as at 31 December 2019).