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Royal Liver members approve Royal London takeover

Royal Liver’s members have approved the proposed takeover by Royal London.

Royal Liver will now apply to the FSA for approval to effect a transfer of the firm’s assets and liabilities to Royal London.

The FSA, which has been close to the discussions between the two companies, is not expected to intervene. Other parties will also have an opportunities to raise concerns about the transaction with the regulator.

If regulatory approval is received, the transfer will complete on July 1.

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  1. Stephen James 19th May 2011 at 4:04 pm

    I wonder how this news will go down with the Scottish Life Staff who were made redundant in December 2010?.

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