Royal London to focus on Irish protection and offshore business

The mutual is completing its acquisition of Caledonian Life's parent company Royal Liver and expects the takeover to be complete by July subject to FSA approval. John Deane, head of intermediary at Royal London, said: "Caledonian is one focus. We plan to build on the business. "Irish economic difficulty does not mean there are no opportunities for growth. In fact, the Irish government is moving the responsibility for protection from the state to the individual." Caledonian Life has a million members, three million policies in force and £2.9bn assets under management. Relaunched in ...