Royal London's former offshore business RL360 Group has acquired international life business Clerical Medical International (CMI) from Scottish Widows, creating a business with £8bn of assets under management.
Private equity firm Vitruvian Partners-backed RL360 said it bought the closed book life business to accelerate its growth strategy. RL360 spun off from the Royal London Group in October 2013 in a management-led...
Third day of election campaign
The chairman fears investors could think the regulator endorses passives
Calls on advisers to use stats to promote protection
Labelled a ‘stealth tax’