--Mutual life, pensions and investment company Royal London is in talks to buy the bulk annuities portfolio of Scottish Widows from Lloyds Banking Group, Sky News reports citing unnamed sources.

--Sky reports that Royal London is expected to submit a bid for the 6 billion pound ($7.60 billion) portfolio next week.

--Royal London declined to comment on the report when approached by Dow Jones Newswires.

Full story: http://tinyurl.com/mvyjvpdw

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

January 04, 2024 08:02 ET (13:02 GMT)

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