Royal London Unit Trust Managers has tapped J.P. Morgan Trustee & Depositary, a unit of JPMorgan Investor Services, for trustee and custody services. JPMorgan also provides services for Royal London Mutual Insurance and the Scottish Life Unit Trust in the United Kingdom.

"Following a strategic review, we decided to appoint JPMorgan as our new Trustee and Custodian for our Unit Trust assets. The decision reflects our desire to ensure maximum efficiencies for our clients and, JPMorgan's market leading trust and fiduciary services coming together with JPMorgan Investor Services high-level of professionalism and insight offers a powerful combination in our view," stated Richard James, director of operations at Royal London Asset Management.

The firms report that Royal London's UK unit trust has business totalling approximately $2.8 billion. Royal London recently acquired United Assurance Group and Scottish Life Assurance Company. 

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