Royal London has taken a 30% stake in equity release provider Responsible Group as it predicts later life lending "will become a core part of financial planning".
The mutual insurer said the deal, which is subject to regulatory approval, would include both Responsible Life and Responsible Lending businesses. Royal London entered the later life lending market...
To offer multiple products
Once-in-a-lifetime out, necessities in
£3.4bn released last year
And mortgage lending
To communicate equity release's wider opportunities and benefits, writes Chris Flowers, providers and advisers need to think about how best to engage not only its usual target audience but also their families
PA's Good News Bulletin
Canaccord Genuity is acquiring the wealth management business of private bank Adam & Co from Royal Bank of Scotland in a £54m deal.
'Lower than ever reward'