Royal London completes transfer of Aegon UK individual protection book

Published  01 July 2024
   1 min read

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

About Royal London

Royal London is the largest mutual life, pensions and investment company in the UK, and in the top 30 mutuals globally, with assets under management of £162 billion, 8.6 million policies in force and over 4,200 employees. Figures quoted are as at 31 December 2023. Learn more at royallondon.com.