A question of values

It was almost exactly a year ago that Royal London finally bought Scottish Provident (Scot Prov), having lost out on a bid for the insurer to Abbey in 2000. Since last year Scot Prov has been run as an entirely separate business from Royal London’s other intermediary facing business, Bright Grey. However, this summer Royal London decided to move a management team across both brands. So what is going on? Are we looking at a slow amalgamation? Brand Issues The man in charge, John Deane, chief executive of Royal London’s intermediary division, is keen to dispel any concerns. He is obvi...