Royal London CEO to stand down by end of 2019

The firm said Loney, who joined Royal London in 2011, had led the transformation of a collection of individual brands into a "strong, single brand with a reputation for excellent customer service". He had also seen the group grow from £46bn assets under management to £117bn, it added. Loney was stepping down to pursue charitable interests in the international development sector and to support people with learning difficulties, Royal London said. The firm has also revealed its succession plan for chairman Rupert Pennant-Rea, who is leaving the role at the end of the year after five yea...