Royal London to acquire the individual protection book of Aegon UK.

Royal London, a mutual life, pensions and investment company, agreed to acquire the individual protection book of Aegon UK, a financial services provider. Financial terms were not disclosed. "We are delighted to be welcoming over 400k new protection customers and their advisers. Combined with over 900k existing customers who already trust Royal London to protect their families against life shocks, this transaction strengthens our position in the UK protection market. Our reputation for outstanding customer service means that customers and advisers will be reassured that they are in safe hands. The advised nature of Aegon's individual protection customer base makes it a perfect strategic fit. We are strong champions of the adviser community and of impartial advice, and we look forward to supporting advisers through this transaction, making sure there is no disruption to their businesses or to their clients.," Barry O'Dwyer, Royal London CEO.