Royal London recruits Aegon UK experts for protection distribution business
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Royal London has appointed Jon Fuller as head of specialist protection distribution to lead a newly created team following its acquisition of Aegon UK’s individual protection business announced in April.
At the time, Aegon UK told mallowstreet 40 jobs would be at risk, but Fuller’s appointment and Royal’s London new specialist protection team mean some of the jobs are likely to be preserved.
Fuller, who joins from Aegon UK where he was protection sales director, will head up a team of six specialists that will sit alongside the existing dedicated protection experts within distribution at Royal London. He will join the mutual insurer on 19 June while other recruits will join over the next few months.
Fuller’s new team, also recruited from Aegon, will focus on supporting protection and pension advisers with an increased focus on business consultancy to help advisers meet the new Consumer Duty requirements.
Siobhan Barrow, UK distribution director at Royal London, said: "Protection insurance can be often overlooked, but the Consumer Duty will change this, moving it from a more transactional sale to become a much more integral part of the holistic advice conversation.”
The mutual insurer added it is strengthening its underwriting team by recruiting several of Aegon’s high net worth specialist underwriters who will work in partnership with the specialist protection team to support complex adviser requirements.
Will there be more portfolio transfers in H1?
