Royal London reveals its figures

Coupled with a risk capital margin cover of 5.6x and a free asset ratio under the statutory valuation method of £1.4bn, this means the company has proved its strength, says chief executive Mike Yardley. “We are satisfied that the new methodology confirms the financial strength of the Royal London Group and its main IFA businesses, Scottish Life and Bright Grey.” The risk capital margin is based on assumptions put forward in FSA CP 195, Royal London says. These assume one or more of the following events: an 18% fall in the value of equities, a 20% fall in the value of property, and...