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Royal flush as mutual takes over

Mutual life office Royal London is taking over United Assurance for £1.5bn, in a move set to boost the flagging cause of mutuality.


The acquisition will be the largest takeover of a quoted company by a British mutual.


Pro-mutual supporters will welcome the news following the threat to Standard Life by carpetbaggers and the pending completion of Lloyds TSB&#39s takeover of previously mutual Scottish Widows.

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