RBS pulls plug on Direct Line life business

The company, owned by Royal Bank of Scotland (RBS), announced it will no longer accept applications for life or critical illness cover and apologised for any inconvenience. The life and critical illness products were only sold direct to consumer and not through advisers. Paul Cowman, director of lifestyle at RBS Insurance, said: "Following a strategic review of Direct Line Life, we identified that it needed considerable investment to improve its infrastructure. "We explored a number of options to address the future of the business but unfortunately none of them provided a viable so...