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Royal London and Royal Liver will not merge

Royal London and Royal Liver have announced they will not merge after the Royal Liver board decided not to accept Royal London’s offer in a meeting held yesterday and continued this morning.

The companies say: “After careful thought and thorough consideration the board of Royal Liver has concluded that although the proposal from Royal London had considerable merits for its members those interests will be better served by pursuing an independent strategy.”

Royal London and Royal Liver announced merger talks in April this year.

If the board had voted for the merger to go ahead the deal would have been presented to the company’s 220 delegates to make the final decision.

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