Royal London: Aegon acquisition leads to untapped adviser market

Royal London CEO Barry O’Dwyer says acquisition helped expand market share

Sahar Nazir
clock • 1 min read

Royal London’s acquisition of Aegon's UK closed individual protection book has allowed it to build relationships with advisers who had not previously worked with the provider, according to CEO Barry O’Dwyer.

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: CII and PFS host annual apprenticeship awards

Feel Good Friday: CII and PFS host annual apprenticeship awards

Part of next gen development push and ‘upholding professionalism’

Professional Adviser
clock 24 October 2025 • 1 min read
FCA to deliver 'fewer and faster' enforcement outcomes this year

FCA to deliver 'fewer and faster' enforcement outcomes this year

Therese Chambers says the watchdog is prosecuting more people than ever before

Sahar Nazir
clock 23 October 2025 • 2 min read
Autumn Budget 2025: Majority of Brits concerned about rumoured pension tax-free tax changes

Autumn Budget 2025: Majority of Brits concerned about rumoured pension tax-free tax changes

The updates advisers need in the run up to the Autumn Budget 2025 on 26 November

Professional Adviser
clock 23 October 2025 • 1 min read