Royal London completes Resolution protection takeovers

clock

Royal London now controls over 10% of the UK's individual life market after completing the takeover of Phoenix Life Assurance and the Scottish Provident and Scottish Mutual protection businesses.

Acquired as part of the Pearl Group-led £4.98bn takeover of Resolution, Royal London purchased the protection businesses along with Scottish Provident International Life Assurance. The new businesses will join Royal London’s existing specialist protection brand, Bright Grey. Royal London has now become one of the top three providers of individual life protection insurance in the UK, group chief executive Mike Yardley says. “Having three specialist businesses, each with a very strong proposition and successful track record, enables us to significantly increase our presence in the UK prote...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Protection

Consumer Duty: Two years on – the protection impact

Consumer Duty: Two years on – the protection impact

Impact on the market and next steps

Jaskeet Briah
clock 01 August 2025 • 5 min read
Alcohol, Britain, one night stands and smartwatches… what does Gen Z really think?

Alcohol, Britain, one night stands and smartwatches… what does Gen Z really think?

'Listening to younger people is as refreshing as it is challenging. But ignoring it isn't an option'

Kevin Carr
clock 24 July 2025 • 4 min read
Group life cover excluded from IHT liability

Group life cover excluded from IHT liability

HMRC decision on protection and inheritance tax

Cameron Roberts
clock 23 July 2025 • 2 min read