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I have noted the response to the approach from the very weird Resolution entity to Friends Provident plc.

Friends Provident has rightly said that it is not open to offers from a tax haven based company, nor one that pays 10% of its profit to an LLP controlled by what seems to be its true management.

More on this at TJN, here, and like them I say — it’s good to see a company (and an old Quaker company at that) willing to stand up and be counted to be doing the right thing.

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