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.
The mutual said fewer customers are benefiting from its annual profit share as the number of members who are not with-profits policyholders has been increasing. It has commissioned an independent expert to ensure the introduction of any new plan is fair on existing with-profits policyholders. "Our Board will consider the independent expert's views later this year and decide whether we can proceed with what we believe is an exciting and innovative strategy," the group said in a statement on 31 March. Announcing its full-year results for 2014, the group said total pre-tax operating p...
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