Royal London Mutual Insurance Society Ltd

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Royal London Mutual Insurance Society, along with its subsidiaries, is the largest mutual insurer in the UK, with group funds under management of £114bn. The group provides ~8.8m policies and employs 3,637 people (Dec.2017).ref Also provides protection products in Ireland.

Timelines

AR-2018, Members-AR-2018, [CH-99064]

  • The group’s independent wrap platform has remained branded as Ascentric.Website
  • 2015: Bright Grey and Scottish Provident were rebranded.
  • 2015: Royal London Ireland: Caledonian Life, the group's Irish protection business, was rebranded.
  • 2014: Rebrand: Royal London commenced a group-wide rebrand to bring all its businesses under one umbrella, introducing the purple pelican logo.
  • Jul.2013: Royal London (CIS) Ltd: the Co-operative Insurance Society became part of Royal London following the purchase of the Co-operative Banking Group's life insurance, pensions and asset management businesses (CIS and TCAM).
  • Jul.2011: Royal Liver Assurance Ltd was acquired.
  • 2009: The offshore businesses Scottish Provident International and Scottish Life International}} were combined to form a new entity, Royal London 360°, based in the Isle of Man. This business was subject to a management buyout in Nov.2013.ref Royal London 360° rebranded to RL360° soon after the MBO.ref
  • May.2008: Scottish Provident (protection products), Scottish Provident International, Phoenix Life Assurance Ltd (formerly Abbey National Life) were acquired, via the open businesses of Resolution. (and Scottish Mutual).
  • 2007: Ascentric (Wrap platform) and FundsDirect joined the group.
  • Mar.2003: Bright Grey, a specialist protection business, was launched in Edinburgh.
  • Jul.2001: Scottish Life, the Edinburgh-based pension specialist, was acquired.
  • Dec.2000: United Assurance Group plc was taken over by Royal London. United Assurance Group had been formed by the merger of United Friendly and Refuge Assurance in Oct.1996.
  • 1988: Royal London Asset Management Ltd was founded as a separate investment management company. Website
  • 1908: Members voted overwhelmingly to convert Royal London from a Friendly Society to a Mutual Company.
  • Feb.1861: Royal London Life Insurance and Benefit Society: Joseph Degge and Henry Ridge met in a London coffee house to discuss the formation of a new Friendly Society (burial club).
  • 1850: Royal Liver Assurance was founded.
  • 1824: Caledonian Life, the Irish business, dates back to 1824, and represents the Caledonian Insurance Company founded in Edinburgh in 1805.
Sources:
ToDo:

Royal London Financial Planner


Aegon NV = Guardian Royal Exchange.arch