Royal London and LV= have halted merger talks saying the firms' different mutual models meant a tie-up would "not be in the best interests of members".
On 10 December 2021, Royal London said it was its belief that it could "offer an attractive future for the members of LV= as part of a growing and well-capitalised mutual". However, discussions between the groups have ended with no agreement. The proposed mutual merger was put forward after an initial agreement to see LV= to private equity house Bain Capital fell apart after members voted against it. Statements released on Wednesday (9 February) suggest LV= will now continue to operate as a stand-alone business. Royal London group chief executive Barry O'Dwyer said: "Mutuals are ow...
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