It has been reported that a sale of Resolution Life, the closed life assurance consolidator, could prompt its rival Pearl Group, controlled by Hugh Osmond, to consider a sale. Pearl's embedded value has recently been estimated at £2.1bn. The report noted that while a sale of Resolution would be a good indication of a value for Pearl, it would also reduce the pool of potential bidders and could be a sign of the increasing cost and scarcity of closed-life funds.