Royal London secures £219m deal for Co-op life and fund arm

clock

Royal London has agreed to buy the Co-operative Banking Group's life insurance and asset management businesses in a deal worth up to £219m.

The purchase of Co-operative Insurance Society (CIS) and the Co-operative Asset Management will boost Royal London's funds under management from around £50bn to roughly £70bn, the group said. Roya...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

UK pension giants join forces to unlock £1bn for scale-up fund

UK pension giants join forces to unlock £1bn for scale-up fund

Scale-up fund will help boost investment in science and technology businesses

Jonathan Stapleton
clock 27 July 2026 • 4 min read
Schroders refocuses UK institutional team amid partnership approach push

Schroders refocuses UK institutional team amid partnership approach push

Asset manager prepares for a future of fewer, but far larger, pots of pension capital

Jonathan Stapleton
clock 27 July 2026 • 5 min read
BlackRock expands impact offering through collab with Phenix Capital Group

BlackRock expands impact offering through collab with Phenix Capital Group

Offering will help clients translate impact objectives into investable portfolios

Jonathan Stapleton
clock 23 July 2026 • 2 min read
Trustpilot