The Royal London Group is the UK

United Kingdom

The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

's largest mutual insurance

Mutual insurance

A mutual insurance company is an insurance company which has no shareholders but instead is owned entirely by its policyholders. The primary form of financial business set up as a mutual company in the United States has been mutual insurance. Under this idea, what would have been profits are...

 company, serving 3.1 million customers, with funds under management of £42.4 billion as at 31 December 2010.

The Royal London Group is made up of the following businesses;

• Ascentric - a wrap platform
  Wrap account
  A wrap account is a means of consolidating and managing an investor's investment portfolio and financial plans online. Wrap fee services are offered by many financial instutions. Often wrap services are offered for a fee or a series of charges. These charges cover all administrative and management...
  
  
• Bright Grey - offering life assurance and critical illness cover
• Royal London 360º - the international division of Royal London created by the merger of Scottish Life International and Scottish Provident International.
• Royal London Plus - administers policies for policyholders who took out policies originally Royal London, Refuge Assurance, United Friendly Insurance plc, and Phoenix Life Assurance Limited.
• Royal London Asset Management
  Royal London Asset Management
  Royal London Asset Management is a UK-based investment management company with assets under management of more than £40 billion . RLAM invests across all major asset classes, including UK and overseas equities, government bonds, corporate bonds, property and cash...
  
   - manages assets for policyholders and external clients
• Royal London Retail - formerly Phoenix Life Assurance Limited.
• Scottish Life - specialising in pension
  Pension
  In general, a pension is an arrangement to provide people with an income when they are no longer earning a regular income from employment. Pensions should not be confused with severance pay; the former is paid in regular installments, while the latter is paid in one lump sum.The terms retirement...
  
  s.
• Scottish Provident - offering individual like protectin products
• Caledonian - protection products

Takeover of Royal Liver

In February 2010, Royal London announced that they were in talks with Royal Liver over a possible acquisition. . Royal London and Royal Liver agreed the terms and conditions in April 2011 . The delegates of Royal Liver voted for the takeover at their AGM on 12 May 2011 and it was confirmed on 1 July that, having received all the relevant regulatory approvals, the transfer of Royal Livers assets and liabilities to Royal London has been completed.