Royal London completes transfer of Aegon UK individual protection book
Royal London, the UK’s largest life, pensions, and investment mutual, today announces the Part VII transfer of the Aegon UK individual protection book has been formally approved by the courts.
As a result of the acquisition, the life insurance, critical illness and income protection policies for nearly 400,000 customers have transferred to Royal London.
Carrie Johnson, protection director at Royal London, said:
"The acquisition helps bolster our overall position in the protection market, allowing us to strengthen our support for advisers and customers at a time when protection solutions are becoming an increasingly key consideration in advice conversations. Royal London now support over 1.4 million advised customers in the UK by protecting them and their families against life shocks that could otherwise cause financial challenges.
"We look forward to welcoming our new protection customers and their advisers. Our reputation for outstanding customer service means they can be reassured they are in safe hands."
For further information please contact:
Neil Cameron, PR Manager
- Email: neil.cameron@royallondon.com
- Mob: 07919 171969
About Royal London
Royal London is the UK's largest customer-owned life, pensions, and investment company, and one of the top 30 mutuals globally*. With over 160 years of heritage and no external shareholders, we're able to take a long-term view, focusing on supporting better outcomes for our customers.
Today, Royal London looks after 8.4 million life and pension policies, with £212 billion of assets under management and over 5,000 colleagues**. In 2026, we shared £199 million of our profits with approximately 2.4 million eligible customers.
We invest in partnerships that reflect our values, including being the only Founding Partner of the first British & Irish Lions Women's Team, supporting women's and girls' rugby across grassroots and elite levels to help develop the next generation of players and coaches. All driven by our commitment to doing what's right for our customers.
Royal London works for you.
Discover more at royallondon.com.
*Based on total 2024 premium income. International Cooperative and Mutual Insurance Federation Global data, 2026.
**Figures quoted are as at 30 June 2026.
