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Royal London Makes a Move
Royal London are in exclusive deep talks to but the Cooperative Financial Service’s life assurance and asset management businesses.
Apparently in a separate statement, the Coop have advised that they are cutting 670 positions, all in the life insurance area.
Royal London made the following comment:
“The opportunity we are discussing with CFS has the potential to deliver another major step forward for Royal London, with real benefits for our members and other policyholders,” Chief Executive Officer Mike Yardley said in the statement.
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