Royal London Group chief executive Phil Loney has called on the industry and regulator to come up with a "new form of advice" to service those at point of retirement and meet the challenge set by the Chancellor.
Royal London's operating profits for 2013 were up to £346m, with new business accounting for £70m of the gains.
Royal London has appointed a new head of intermediary business and chief financial officer in a management reshuffle.
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Royal London Asset Management (RLAM) has reported a record year for external new business in 2013, with gross inflows up almost 70%, a highlight in a strong set of results for its life company parent.
The Royal London group has entered in to an agreement with funds advised by independent private equity firm Vitruvian Partners to support a management-led buyout of Royal London's offshore arm 360° and its subsidiaries for an undisclosed sum.
Royal London's Ascentric wrap platform has achieved a third quarter of record net new business, with £1.25bn of new assets for the year to date.
Royal London is scrapping the Scottish Life, Bright Grey and Scottish Provident brands to move to a single "master brand" for its UK life, pensions and investment businesses.
Pensions provider Royal London has posted a strong growth in sales through advisers following the Retail Distribution Review (RDR), with its platform new business sales up a record 39% on last year, the firm's interim results have revealed today.
Today is Bright Grey and Scottish Provident managing director Roger Edwards' last day in his role as he leaves to focus on marketing, social media, speaking - and yoga teaching.
Royal London is to launch a direct to consumer proposition next year, comprising 'basic' savings and protection products that do not require advice.
FundsNetwork has accelerated its take on of clean share classes to achieve its target of having 95% of current platform assets covered by clean share classes by the end of June.
Royal London has reported assets under administration on its Ascentric wrap platform have risen 16% to nearly £6bn, in what the company said is the wrap's "best ever quarter".
Derek Mitchell, manager of the Royal London UK Mid-Cap Growth fund, tells Cherry Reynard why he is confident on the UK consumer sector.
A near-25% rise in UK protection sales helped drive an increase in profits for the Royal London group in 2012.
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