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RoyLon back in talks on deal with Royal Liver

Royal London is in talks to buy Royal Liver two years after the Liverpool-based insurer rejected a merger deal.

A Royal London spokesman confirms that discussions are taking place between the two firms but says they are at an early stage.

The news follows talks between LV= and Royal Liver last autumn about a potential merger which broke down.

The talks are thought to have been spurred on by the FSA’s investigations into the mutual sector and concerns over the capital adequacy of smaller mutuals.

Last October, the FSA sent a Dear CEO letter to mutual insurers with with-profits funds about the use of member assets.
Any deal would have to be approved by members.

Royal Liver last year decided to wind down Park Row after being unable to find a buyer and advisers have since suffered delays getting reauthorised. Last March, Money Marketing revealed that Park Row was being investigated by the FSA as part of a review of its systems and controls.

Informed Choice managing director Martin Bamford says: “The mutual sector needs to be stronger and better organised if it is going to face future financial challenges.”


A question of ethics

This is the second of a series of articles that are designed to aid those looking to deepen or refresh their financial advice knowledge as the industry faces up to level four. This article will look specifically at ethical investing and focus on how to prepare for a short question on the subject from the ifs School of Finance’s DipFA exam

Advisers have same issue of ‘ownership’

Gareth Fatchett in his article in Money Marketing describes the network model as a busted flush. In the main, his article circles around client ownership. Can we put this matter to bed once and for all. First, nobody owns a client – I say this on the basis that slavery was abolished quite a while […]

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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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