Where we come from
Since Henry Ridge and Joseph Degge decided to launch a friendly society in 1861, the Royal London Group has gone through some dramatic changes. Today we’re the UK’s largest mutual life and pensions company, with over 5 million customers and half a million members.
The time line shows some of the most important moments in our history.
Refuge Assurance, one of the earliest industrial assurance offices, founded as a Friendly Society.
Royal London founded as a Friendly Society in a London coffee shop by Henry Ridge and Joseph Degge.
Scottish Life founded in Edinburgh as a Proprietary Company.
United Friendly founded in Southwark by Edwin Richard Balding.
Royal London becomes a Mutual.
Scottish Life converts from a proprietary company, becoming a Mutual.
Royal London Asset Management established as separate company.
Scottish Life International launched in Douglas, Isle of Man.
United Friendly and Refuge Assurance merge to form United Assurance Group.
Royal London acquires United Assurance Group for £1.6bn.
Scottish Life demutualises. Royal London acquires Scottish Life for £1.1bn.
Bright Grey is launched. Bright Grey is a new business specialising in protection insurance.
Ascentric and Fundsdirect joins Royal London Group in November 2007.
Acquisition of new businesses including Scottish Provident, Scottish Provident International and Phoenix Life Assurance limited.
Royal London 360° was established in 2008 through the coming together of Scottish Life International Insurance Company Limited and Scottish Provident International Life Assurance Company Limited.
Acquisition of Royal Liver completed.
Acquisition of Life & Pensions and Asset Management businesses from the Cooperative brings 2m new customers and additional £20 billion in assets under management.
Move to a single Royal London brand.