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...
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