Royal London agrees asset transfer terms with Royal Liver

The two companies have signed a transfer agreement setting out the terms and conditions of the potential transfer of Royal Liver's assets and liabilities. The transfer is subject to regulatory approvals and the go-ahead of 75% of Royal Liver's delegates, the elected representatives of Royal Liver's members, at its annual meeting in early May. If the deal is approved Royal London says it hopes a transaction would be completed by June or July. If the merger comes to fruition, the enlarged group would have assets of more than £33bn and almost six million customers. Royal Liver was ...