Royal London

Royal London Group chief executive Phil Loney has called on the industry and regulator to come up with a "new form of advice" to service those at point of retirement and meet the challenge set by the Chancellor.

Royal London's operating profits for 2013 were up to £346m, with new business accounting for £70m of the gains.

Royal London has appointed a new head of intermediary business and chief financial officer in a management reshuffle.

Royal London Asset Management (RLAM) has reported a record year for external new business in 2013, with gross inflows up almost 70%, a highlight in a strong set of results for its life company parent.

The Royal London group has entered in to an agreement with funds advised by independent private equity firm Vitruvian Partners to support a management-led buyout of Royal London's offshore arm 360° and its subsidiaries for an undisclosed sum.

Royal London's Ascentric wrap platform has achieved a third quarter of record net new business, with £1.25bn of new assets for the year to date.

Royal London is scrapping the Scottish Life, Bright Grey and Scottish Provident brands to move to a single "master brand" for its UK life, pensions and investment businesses.

Retirement Planner's round-up of the top pension stories this week.

Pensions provider Royal London has posted a strong growth in sales through advisers following the Retail Distribution Review (RDR), with its platform new business sales up a record 39% on last year, the firm's interim results have revealed today.

Royal London has completed the acquisition of the Co-operative Banking group's life insurance and asset management businesses.