Royal London eyes 'superior' technology for pensions business

Barry O'Dwyer reveals digital platform plans for pensions arm

Sahar Nazir
clock • 1 min read

Royal London is rolling out new technology that is says is “significantly superior” to its competitors, according to group chief executive Barry O'Dwyer.

Speaking to Professional Adviser, O'Dwyer said Royal London is in the process of rolling out a digital platform for its pensions business. He revealed that this platform is currently being tested with a select group of advisory firms before its full-scale rollout to the market. He also noted that it addresses the shortcomings of outdated platforms prevalent in the industry. The announcement has come as the life, pensions, and investment firm's operating profit before tax increased by 19% to £249m in the year ended 31 December 2023. O'Dwyer said Royal London's technology may have...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Shackleton launches as national advice firm with four acquisitions

Shackleton launches as national advice firm with four acquisitions

Skerritts Group rebrands to Shackleton

Sahar Nazir
clock 02 December 2024 • 2 min read
Feel Good Friday: Quilter Foundation sponsored charity hosts 'wishmas'

Feel Good Friday: Quilter Foundation sponsored charity hosts 'wishmas'

Event was made possible with £10,000 donation from Quilter

Professional Adviser
clock 29 November 2024 • 1 min read
Independent or restricted: What's in a name?

Independent or restricted: What's in a name?

Shifting the focus to 'regulated advice'

Anthony Carty
clock 28 November 2024 • 4 min read