Royal London

        Royal London pre-tax profit drops 45% as pension charge cap bites

        Professional Adviser | 19 Aug 2014 | 10:11

        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%.

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        Royal London launches Annuity Bureau service

        Royal London has launched an annuity shopping around service to assist customers looking to buy a guaranteed income for life at the best rates.

        Professional Adviser | 13 Aug 2014 | 14:15
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        Royal London's Taylor to take over as Ascentric MD

        Jon Taylor, head of the former Co-op life insurance business, is to replace Hugo Thorman as managing director of platform Ascentric.

        Professional Adviser | 28 Jul 2014 | 11:33

    Other Royal London articles

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      Royal London to pay commission on workplace pensions until 2016

      Royal London has said it will continue to pay adviser commission on its workplace pension schemes - currently branded Scottish Life - until 2016.

      Professional Adviser | 14 Jul 2014 | 12:29
      The Co-operative Bank

      Co-operative Bank receives £100m cash injection

      The Co-operative Bank has received a £100m cash injection from its former parent as part of attempts to fill a £1.5bn black hole.

      Professional Adviser | 14 Jul 2014 | 07:45
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      Five retirement stories you might have missed

      In this week’s Retirement Planner news round-up we highlight five key stories you might have missed over the past seven days.

      Retirement Planner | 13 May 2014 | 17:13
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      Royal London pension business up almost 20% in first quarter

      Royal London new life and pensions business was up 18% to £989m in the first quarter of the year, with group pensions benefitting significantly from auto-enrolment.

      Professional Adviser | 13 May 2014 | 08:01
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      Retirement guidance guarantee ‘does not go far enough’ - Loney

      The promise of guidance at retirement “does not go far enough” and a new form of retirement-focused advice must be created by the regulator, according to Royal London.

      Professional Adviser | 13 May 2014 | 07:41
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      Royal London brings D2C offering to the masses with TV ad campaign

      Royal London is embarking on its first television advertising campaign in over a decade in order push it's direct to consumer (D2C) offering to the public.

      Professional Adviser | 28 Apr 2014 | 11:31
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      Royal London CEO: We need a 'new form' of advice after Budget pensions move

      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.

      Professional Adviser | 03 Apr 2014 | 07:34
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      Royal London profits up on CIS acquisition and new business surge

      Royal London's operating profits for 2013 were up to £346m, with new business accounting for £70m of the gains.

      IFAonline | 01 Apr 2014 | 07:52
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      Royal London appoints new head of intermediary in management reshuffle

      Royal London has appointed a new head of intermediary business and chief financial officer in a management reshuffle.

      IFAonline | 26 Feb 2014 | 12:00
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      RLAM reports record 2013 for new business in strong Royal London results

      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.

      IFAonline | 12 Feb 2014 | 10:22
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      Royal London announces management-led buyout of 360°

      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.

      IFAonline | 14 Nov 2013 | 16:27
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      Ascentric hits third quarter of record net new business

      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.

      IFAonline | 05 Nov 2013 | 08:07
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      Royal London to scrap Scottish Life, Bright Grey and Scot Prov brands

      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.

      IFAonline | 24 Oct 2013 | 10:21
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      Three things we learned this week

      Retirement Planner's round-up of the top pension stories this week.

      Retirement Planner | 20 Aug 2013 | 16:57
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      Royal London adviser business going strong post RDR

      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.

      IFAonline | 20 Aug 2013 | 10:37
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      Royal London completes Co-op acquisitions

      Royal London has completed the acquisition of the Co-operative Banking group's life insurance and asset management businesses.

      IFAonline | 01 Aug 2013 | 09:46
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      Regulators approve Royal London/Co-op deal

      The Prudential Regulation Authority (PRA) has approved the change in control required for the purchase of Co-operative Banking Group’s life insurance business Co-operative Insurance Society (CIS) by mutual Royal London.

      IFAonline | 26 Jul 2013 | 07:18

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