Royal London in talks with Royal Liver Assurance Limited
30 April 2007
Monday, April 30, 2007
The Board of Royal London announced today that it has approached Royal Liver Assurance Limited regarding a possible combination of our businesses.
Discussions are currently at a very early stage and there can be no certainty that they will progress. In any event, it is likely to take time to consider fully the merits of any combination and no further announcement can be expected until such consideration has been undertaken.
- ENDS -
For further information please contact:
Royal London
Alasdair Buchanan, Group Head of Communications
0131 456 7133 or 07919 170 413
Polhill Communications
John Coles
020 7655 0530 or 07836 273 660
Editor's Notes:
Royal London Group, is a specialist financial service provider. Its businesses focus on those sectors of the market which value premium propositions, operating through a number of brands:
• Scottish Life – UK pensions market
• Bright Grey – UK protection market
• Scottish Life International – offshore investment markets
• RLAM – fund management
• RLAS – life and pensions administration
Royal London is one of the stronger life and pension companies in the UK, with a current rating of 7/10 from Cazalet Financial Consulting, and has a particularly strong track record for with profits performance.
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £31.5 billion (as at 31 March 2007). Group businesses serve over three million customers and employ 2,640 people (as at 31 December 2006).