Royal London ROYAL LONDON TO SELL RL CORPORATE PENSION SERVICES (6995X)

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RNS Number : 6995X

Royal London

01 May 2019

The Royal London Mutual Insurance Society Limited to sell RL Corporate Pension Services Limited

The Royal London Mutual Insurance Society Limited announces that it has agreed to sell its subsidiary, RL Corporate Pension Services Limited ("RLCPS") to XPS Pensions Group plc for GBP4.8 million cash. RLCPS provides actuarial, consulting and administration services to defined benefit pension schemes. The transaction is effective subject to the satisfaction of certain conditions, expected in May 2019.

- ENDS -

For further information please contact:

 
 Mona Patel 
  Group Head of External Communications 
  [e-mail]                 07919 171 964 
 

About Royal London:

Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of GBP114 billion, 8.8 million policies in force and 3,893 employees. Figures quoted are as at December 2018.

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May 01, 2019 02:01 ET (06:01 GMT)