Royal London to set EGM date

ROYAL London, Britain’s biggest mutual life and pensions company, is expected to announce on Monday the date of a meeting for a vote on the planned £219 million acquisition of the Co-op’s life assurance and asset management business.

The vote is expected to be called before Royal London’s 4 June annual meeting.

The firm, which owns Scottish Life and Scottish Provident, will also reveal plans for a pilot webcast so that up to 1,000 members can go online and watch proceedings.

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This is part of chief executive Phil Loney’s drive on improving engagement with its four million customers. Adding the Co-op business will increase this to six million and take assets under management from 
£50 billion to £70bn.