Royal London and LV= cease merger talks

Mutuals halt discussions

Jenna Brown
clock • 2 min read

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".

Two days ago, on Monday 9 Februray, Royal London confirmed it was in "exploratory" talks with rival mutual LV= about a merger after submitting a second proposal at the end of 2021. It followed confirmation on 10 December 2021, that 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" following the collapse of its proposed by out by private equity house Bain Capital. However, discussions between the groups have ended with no agreement. The proposed mutual merger was institaged after an ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot