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Royal Liver is to move out of its iconic Liverpool headquarters as part of its merger with rival Royal London, resulting in the loss of up to 222 jobs including 26 from Royal Liver's asset management business.
Royal London this morning confirmed it has completed its takeover of Royal Liver.
Royal London will focus on building up its protection business in Ireland through latest acquisition, Caledonian Life.
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Royal Liver’s members have voted in favour of its buyout by Royal London.
Royal London has agreed to potentially buy the Progress protection back book business as part of its deal with parent company Royal Liver.
Royal London has signed a deal agreeing terms for the potential takeover of Royal Liver.
Mike Farrell, head of sales and marketing at Royal Liver Assurance, has joined LV= as head of protection sales.
Royal Liver and Royal London have successfully completed the first stage of merger talks and have signed an agreement setting out the framework for ongoing discussions.
Insurer Royal Liver has put a possible takeover deal by Royal London on the table to members at the Groups' AGM.
Royal London new life and pensions business increased by more than 50% in Q1 this year, led by a strong performance from its pensions arm Scottish Life.
The finance director of Royal Liver Assurance (RLA) was sacked over claims he made unauthorised payments worth millions to an advisory business run by a former colleague.
Financial advice firms are being urged to revisit their business checking procedures in the wake of the public censure and £7.8m customer redress ruling at IFA Park Row.
Ongoing concerns about the amount of unsuitable pension advice written at Leeds-based IFA Park Row were at the heart of FSA action against the company.
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