Regulators approve Royal London/Co-op deal

Royal London has also received the Financial Conduct Authority’s (FCA's) approval for purchase of the Co-operative’s asset management business - Co-operative Asset Management . This follows the signing of a sale and purchase agreement earlier this year between both parties. In addition, approval has been obtained from Royal London members, who voted overwhelmingly in favour of the transaction at the extraordinary general meeting in June. As part of the completion process, CIS must convert from an industrial and provident society to a limited company and change its name to RL (CIS) Lim...