Royal Liver puts Royal London takeover option to members

The Liverpool-based mutual is reported to be edging towards an acquisition by life and pensions giant Royal London, and could be taken over by early autumn. At Royal Liver's annual general meeting in Cardiff last week, a "possible transaction" with Royal London was put to the Group's 200 elected delegates who are reported to have been told by chairman David Woods the takeover would be in the interests of policy holders. A spokesperson for Royal Liver confirmed a deal had been presented to delegates, but no vote on the issue was taken. She says: "If the talks with Royal London progr...