Royal London

Royal London saw protection sales through its Scottish Provident and Bright grey brands drop 4% in the last nine months, according to the mutual's New Business Results and Interim Management Statement for the 9 months to 30 September.

Advisers will see Royal London's brand change for Bright grey and Scottish Provident up to a year and a half before the public, the mutual has said.

Royal London has confirmed it plans a single master brand for its UK life, pensions and investment businesses.

Royal London has completed the acquisition of the Co-operative Banking group's life insurance and asset management businesses.

The Prudential Regulation Authority (PRA) has approved the change in control required for the purchase of Co-operative Banking Group's life insurance business Co-operative Insurance Society (CIS) by mutual Royal London.

Royal London is to launch a direct to consumer proposition next year, comprising 'basic' protection and savings products that do not require advice.

Members of Royal London have agreed with plans to acquire the Co-operative Banking Group's life insurance business.

A near-25% rise in UK protection sales helped drive an increase in profits for the Royal London group in 2012.

A recent FSA consultation gave a reprieve to the mutual sector from a possibly fatal course of action. Gareth Evans explains.

Royal London is calling on government to honour its initial coalition commitment to promoting mutuality in financial services.