Royal Liver calls off merger talks with rival Royal London

Mersey waterfront scene (380)

Liverpool-based Royal Liver Assurance is to remain independent following the breakdown of merger talks with rival Royal London.

Royal Liver announced in May it had entered into discussions but stressed it was committed to retaining its mutual status.

There were fears that if a merger went ahead it could mean one of Liverpool’s most iconic business names would disappear forever.

But today Royal Liver says the talks had ended and that it was now “committed” to retaining its independence.

Royal Liver and Royal London are both friendly societies, organisations owned by their members.

They provide savings, investments, insurances, pensions and specialist annuities, usually offering better returns and lower charges.

See Thursday’s Daily Post for full story.

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