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RoyLon moves to shut down Royal Liver Liverpool office

Royal London plans to close Royal Liver’s Liverpool office, putting 222 jobs at risk.

It wants to integrate the Liverpool operation into the Royal London operation in Wilmslow.

This would result in 222 staff being made redundant at the Liverpool office, with 105 new roles to be created at Wilmslow. A further seven roles would be created in the mutual’s asset management business in London. Liverpool-based employees would be able to apply for these roles on a “preferential candidate” basis.

In May, elected member representatives for Royal Liver voted voted at the society’s AGM in favour of a transfer of the firm’s assets and liabilities to Royal London.

Royal London group finance director Stephen Shone says: “We are putting in place a comprehensive package of support for all employees who are affected by the proposed changes, including the availability of specialist outplacement support.”



Four EU nations ban short-selling

France, Spain, Italy and Belgium have imposed a 15-day ban on short-selling in an attempt to stabilise markets after European Bank shares hit their lowest level since the 2008 crisis. This week, rumours that France was to follow the US in having its AAA credit rating downgraded by Standard and Poor’s helped push down share […]

Court rejects Ford claim to block Lifemark policies sale

A Luxemburg court has refused an application brought by Keydata founder Stewart Ford aimed at preventing the sale of Lifemark policies acquired through the family trust vehicle Billericay Trading. In June 2009 Billericay provided a £10.5m loan to Lifemark which was used to buy 28 life insurance policies. Lifemark and its provisional administrator Eric Collard, […]


Rough justice in financial services

The Treasury select committee report on the retail distribution review and the subsequent attempt by the FSA to derail it has highlighted the most important issue facing financial services. It is neither the RDR nor the brass-necked effrontery of the FSA but a far more worrying matter – how justice is inexorably being leached away […]


Guide: day-to-day tasks ​— can your system manage?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.


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