Royal London takes 30% stake in equity release provider

The mutual insurer said the deal, which is subject to regulatory approval, would include both Responsible Life and Responsible Lending businesses. Royal London entered the later life lending market in September last year when it partnered with Responsible Life to launch Royal London Later Life Lending. It will now take a minority stake in the firm. Group chief executive Barry O'Dwyer said: "Since equity release became a regulated market, accessible through specialist advice, customers can now access good quality products. We believe that later life lending will become a core part of f...