Royal London has reported a stark mix of success and disappointment in its first quarter results, with massive outflows from its investment business and soaring sales of its pension products.
Life, pensions and investment group Royal London is investigating the possibility of launching a 'new form' of with-profits product next year, as the number of traditional policyholders declines.
Countdown to 6 April: The line up in The Great Pension Reforms Race
George Osborne's pensions freedom package, due to come into force in April, is at risk of becoming an "infamous example of political bungling" unless advice concerns are addressed, Phil Loney has said.
Ascentric managing director Hugo Thorman is to leave the firm this summer following Royal London's buyout of the platform's minority shareholding in the business.
‘I’m hanging my hat on simplified advice’: The future of retirement advice post-2015
A workable and affordable simplified advice framework must urgently be established to ensure ‘ordinary savers' properly benefit from next year's pension freedoms, delegates heard.
Life, pensions and investment company Royal London is seeking to provide its non-advised retirees with access to independent advice "at low cost" in the wake of the Budget pension freedoms.
Royal London has reported a 45% slump in pre-tax profit in H1, pointing to regulatory charges as a key contributor, while its wrap platform Ascentric saw new business slide 20%.
Royal London has launched an annuity shopping around service to assist customers looking to buy a guaranteed income for life at the best rates.