Royal London has received all required approvals for The Police Mutual Group to become part of Royal London.
These approvals followed unanimous support in favour of Police Mutual becoming part of Royal London received by Police Mutual’s member representatives on 4 June.
Barry O’Dwyer, Royal London’s chief executive, said: “We’re delighted that Police Mutual is now part of Royal London. Royal London and Police Mutual have complementary values and culture. Both are mutual and are committed to delivering the best value for their customers and members.
‘Police Mutual plays a vital role in providing financial services and products to police officers and the armed forces. We are pleased to be able to provide the company with a secure future and look forward to working with Police Mutual colleagues.”
John Perks, Police Mutual CEO, added: “Today marks the start of an exciting new chapter in Police Mutual’s long, proud and evolving history. Becoming part of Royal London will provide a more sustainable future for Police Mutual, and also our Forces Mutual brand, as part of a larger, stronger business. Just as importantly, the transfer preserves what our customers and the Police service value most about Police Mutual.
“Our mutuality is an important part of who we are – we are delighted that this continues as part of Royal London.”