Royal London: Aegon acquisition leads to untapped adviser market

In a bid to strengthen its advisory network, Royal London acquired Aegon's UK closed individual protection book in April last year. Speaking to Professional Adviser, O'Dwyer said the acquisition has been a success story for Royal London and expanded its market share. "It's been a natural fit with our existing portfolio," he noted. O'Dwyer comments came after Royal London released its financial statements for the six months ending 30 June, which showed operating profit before tax rising 13% year on year to £144m. The company has faced challenges, notably the departure of key members...