Royal London launches drawdown governance service for advisers

Middle market drawdown booming post-pension freedom

Jenna Towler
clock • 2 min read

Provider Royal London has launched a drawdown governance service for advisers to help them keep track of clients' portfolios and manage moderate sized pots more efficiently.

The online portal gives advisers an overview of all their clients' drawdown investments with Royal London and flags when things are going off course.  The provider currently has about 51,000 income release policies on its books worth an average £67,000 and predicted pension freedom reforms, which opened up income drawdown to clients with smaller pots, would fuel further growth. It said it wanted to make advisers' lives easier through the new online tool, which features an income suitability score for each client, quarterly tracking against the suitability score and links to other Roya...

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