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 He also noted that it addresses the shortcomings of outdated platforms prevalent in the industry.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

London still the top city in Europe for investing in financial services

London still the top city in Europe for investing in financial services

According to EY’s latest Attractiveness Survey for financial services

Valeria Martinez
clock 20 May 2024 • 1 min read
Only 13% of financial advisers today began as paraplanners

Only 13% of financial advisers today began as paraplanners

Majority of financial advisers bypass paraplanning, survey reveals

Sahar Nazir
clock 20 May 2024 • 1 min read
Advisers sound alarm on £442m wasted on LoA inefficiencies

Advisers sound alarm on £442m wasted on LoA inefficiencies

Regulator should play ‘proactive role’ in addressing LoA inefficiencies

Sahar Nazir
clock 17 May 2024 • 5 min read