Royal London appoints Lloyds' Loney as CEO

Loney, who currently runs Lloyds' life, pensions and investments arm, will join Royal London by October. Mike Yardley, current chief executive at Royal London, will step down once Loney takes up the role. Loney, (pictured), says: "My main challenge will be to lead Royal London to even greater success in the future, for the benefit of policyholders and members. "With the financial services sector facing rigorous scrutiny, customers need a strong and innovative mutual insurance sector." Tim Melville-Ross, chairman of Royal London, says: "Phil is a high calibre individual who bring...