Royal London group pension sales nudge £2bn on auto-enrolment switching

Overall, new life and pensions business was up by 39% to £4.2bn compared to just over £3bn in the same period last year. The insurer said group sales were up 66% to almost £2bn compared to £1.2bn in the first half of 2015. Group chief executive Phil Loney (pictured) credited the growth to advisers recommending sponsoring employers move their auto-enrolment provision to the company. He said: "As the auto-enrolled market matures we are beginning to see a new trend; the growth of a secondary market as advisers recommend schemes move to take advantage of better quality scheme administr...