Royal London to sell Ascentric platform to M&G

Hannah Godfrey
clock • 1 min read

Life company Royal London will sell its platform business Ascentric to M&G in a deal worth £100m, it was announced this morning. The move follows the completion of Ascentric's replatforming project in 2019, and is subject to regulatory approval. Around 1,500 advisers use the Ascentric platform, which holds assets under administration of £14bn across 90,000 customers. It has been part of Royal London since 2017.  Royal London chief executive Barry O'Dwyer said: "As part of our strateg...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login