Royal Liver Assurance (Royal Liver) and Royal London have signed non-binding Heads of Terms which provide the basis for the development of a Transfer Agreement of the assets and liabilities of Royal Liver to Royal London.
Royal Liver and Royal London will now both carry out Due Diligence in order to determine whether the possible transaction would be in the best interests of their respective Members.
At this stage, no final proposals for the Transfer have been tabled for the Royal Liver Board to consider. Such proposals, once they have been finalised and recommended by the Board of Royal Liver, are expected to be put before the Delegation for approval at a Special General Meeting planned to take place later this year.
Further updates will be provided as and when appropriate.
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Royal Liver Assurance Ltd is an Incorporated Friendly Society, Register No. of Society 35 Coll. It is authorised and regulated in the UK by the Financial Services Authority (Registration No. 110005) and adheres to the Codes of Conduct issued by the Financial Regulator in Ireland. Royal Liver Assurance is a member of the Association of Financial Mutuals and the Irish Insurance Federation. Royal Liver Assurance Limited is registered in England. Head Office: Royal Liver Building, Pier Head, Liverpool, L3 1HT.
Royal Liver Assurance 2007 Royal Liver Assurance is part of Royal London Plus. Royal London Plus is a division of The Royal London Mutual Insurance Society Limited which is authorised and regulated by the UK Financial Services Authority.