Royal London's SLI and Spila to merge in Isle of Man base

Royal London will soon merge its newly acquired Scottish Provident International Life Assurance business with Scottish Life International as part of a move to compete "more aggressively in the international marketplace". SLI chief executive David Kneeshaw will head a steering group to develop a new international strategy for Royal London, the company said, and is expected to issue a report as early as the end of July. The steering group will be drawn from both the Spila and SLI management teams. It is too early to say how many, if any, jobs would be affected by such a merger, said Dougl...