Royal London plans to merge Spila and Scottish Life

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Royal London is to merge its newly acquired Scottish Provident International Life Assurance business with its Scottish Life International division, in order to compete "more aggressively in the international marketplace".

Scottish Life International chief executive David Kneeshaw has been named to head up a steering group to develop a new international strategy for Royal London, the company said in a statement, and is expected to issue a report as early as the end of next month. The steering group will be comprised of people from both the Spila and SLI management teams. Both SPILA and SLI are based on the Isle of Man, while Royal London Group, the UK’s largest mutual life and pensions company, is headquartered outside Manchester. It is too early to say how many, if any, jobs would be affected by such a me...

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