Royal London's former offshore business RL360 Group has acquired international life business Clerical Medical International (CMI) from Scottish Widows, creating a business with £8bn of assets under management.
Private equity firm Vitruvian Partners-backed RL360 said it bought the closed book life business to accelerate its growth strategy. RL360 spun off from the Royal London Group in October 2013 in a management-led...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till