Royal London to sell Ascentric platform to M&G
£100m re-platforming
"The business has been performing well following its re-platforming and we sought an outcome that would take it to its next phase of growth" - Royal London's Barry O'Dwyer.
Life company Royal London will sell its platform business Ascentric to M&G.
The move follows the completion of Ascentric's replatforming project in 2019, and is subject to regulatory approval. Around 1,500 advisers use the Ascentric platform, which holds assets under administration...
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