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.
With weeks to go until the curtain's raised on the greatest pensions event the UK has seen*, concerns have been raised about provider preparedness for the reforms. So, we asked them: will you be ready by 6 April?
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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.
Politicians have painted annuities as ‘toxic products’ but guaranteed income is the bedrock of retirement for the majority. Providers are betting on simplified advice to square the circle, writes Jenna Towler
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%.
Jon Taylor, head of the former Co-op life insurance business, is to replace Hugo Thorman as managing director of platform Ascentric.
Royal London has said it will continue to pay adviser commission on its workplace pension schemes - currently branded Scottish Life - until 2016.
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.
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.
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.
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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