Royal London is to absorb Police Mutual following a vote by Police Mutual policyholders in favour of a merger.

Royal London has sold its adviser platform business Ascentric - which has £14bn in Assets Under Administration - to fund manager M&G.  

Mutual financial provider Royal London is considering the future of its platform Ascentric with a sell off possible.

Royal London has hired experienced industry executive Barry O’Dwyer to be its new group chief executive from September.