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Royal London opens Ireland subsidiary to secure post-Brexit business

Royal London has completed the opening of a new Irish subsidiary in a bid to hold on to business after Brexit.

The business, Royal London Insurance DAC, will allow the firm to keep administering current Irish and German insurance policies for non-UK customers who could be caught out by Brexit.

It will also enable the company to compete for new life insurance business in Ireland, adding to its existing Irish business to “significantly enhance Royal London’s presence and demonstrates the group’s firm commitment to the market, its customers and financial brokers in Ireland”.

Royal London is promising improvements to governance – with full regulatory oversight by the Central Bank of Ireland – as well as maintaining service and product innovation standards for Irish customers.

20 new jobs in Dublin have been created, as the firm also decided to retain all of its existing Ireland employees.

Royal London deputy chief executive Tim Harris says: “In its chosen markets our Irish business has grown from less than 4 per cent market share in 2012 to over 18 per cent market share in the first nine months of 2018. This growth has been achieved by a highly customer-focused team providing a market-leading product and service offering. By setting up this subsidiary, we intend to grow our Irish business further and to see it thrive as an integral part of the Royal London family.”


‘Fat Cat Friday’ brings new chance of investor rebellion

Investment experts have warned companies need to keep an eye on executive pay or face further shareholder rebellion as FTSE100 companies hit “Fat Cat Friday” today. By this afternoon, the average FTSE chief executive will have earned more than an average Brit will in the whole of 2019. Analysis from independent think tank the High […]

Standard Life Aberdeen managers up stake in Liontrust

Funds run by Standard Life Aberdeen have increased their stake in Liontrust Asset Management, according to a stock exchange notice this morning. SLA now holds 5.01 per cent of Liontrust through their funds and institutional mandates, up from 4.84 per cent. The shares were purchased through a range of UK equity funds managed by Standard Life […]

Rules on mandatory ESG integration proposed for advice

The European Commission has published draft rules on how to incorporate environmental, social and governance preferences into investment advice. The proposed regulations seeks to make integration of clients’ ESG preferences mandatory for those providing investment advice. The European Commission first revealed its intention to make it mandatory to inquire about the clients ESG preferences in March […]


Knighthood for Charles Stanley’s Redwood in New Year’s Honours

Charles Stanley investment committee chair and MP John Redwood has been knighted in the New Year’s Honours list among a number of notable figures from the world of finance. The Brexiteer MP was given a knighthood for political and public service. Redwood is paid £49,500 a quarter for his 75 hours of work in his […]


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