Royal London has wholly acquired later life lender Responsible Group after initially holding a 40% stake in the business.
The mutual insurer said the deal, which is subject to regulatory approval, strengthens its position in the later life lending market for both advisers and their clients. The later life mortgage broker and lender was founded in 2010 and is made up of Responsible Life and Responsible Lending. Group chief executive (CEO) Barry O'Dwyer said: "This transaction strengthens our support for advisers and customers as they look for solutions in funding later life needs. We believe this market has a lot of potential as it offers customers additional choices at retirement, especially those who ha...
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