With the British life insurer planning to demutualise with the £530m sale of its business, Cintia Cheong talks to AFM chief Martin Shaw about the prospects for the mutual sector in the UK
A deal is said to be valued at more than £500m
Detailed negotiations are said to be happening with Royal London
Sale won't have material changes in headcount, locations and operations, firm says
Insurer recommends accepting unsolicited proposal