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No job losses expected as RL360 buys Friends Provident Int'l

Chief executive believes deal could lead to job creation

A merger between two financial firms based in the Isle of Man isn't expected to result in any job losses.

RL360 has reached a deal to buy Friends Provident International from the Aviva Group.

The purchase will double the company's size.

Chief Executive David Kneeshaw believes the move could actually create new jobs: