UK - Institutional investors have been told to expect ‘service as usual', despite a possible merger between Royal London Group and Royal Liver.
The two companies have entered into talks about combining their operations, although discussions were said to be at an early stage.
Gareth Evans, head of corporate affairs at Royal London Group, said institutional investors would not experience any difference in service should the merger go ahead.
Evans said: “Royal Liver overlap with us in some areas of our business and it would give us greater scale and a reduced cost base.”
Royal London Asset Management (RLAM) manages around £4.1bn of institutional pension assets.
Meanwhile, Scottish Life, which is a division of Royal London, manages around £1bn for Defined Benefit (DB) pension schemes.
RLAM also manages an internal pension scheme worth around £1.8bn.
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
Some 48% of employers are unaware of the services or help they offer to members of their defined contribution (DC) schemes, according to Aon.
Welplan Pensions has triggered its exit from the master trust market, with just a few days to go until The Pensions Regulator's (TPR) application deadline.