Resolutions Ltd (RL) is a UK-based company within M&A projects focusing on the financial industry in the UK and Western Europe. RL is currently concentrating on its UK insurance restructuring project Friends Life, which consists of a merger between AXA UK Life Business, BHA Ltd and Friends Provident. Friends Life offers corporate benefits (unit-linked pensions and investments), protection (life, illness and income) and annuities through a variety of distribution channels. RL is positioning itself for more revenues from management charges associated with unit-linked funds under management which is the strongest driver for future business. However, a slowing UK economy and cuts in pension tax relief could put pressure on the group’s earnings.