Articles and terms of reference

At Royal London, we know that being upfront and honest is important - and rightfully so. That's why we're always working hard to ensure our business is run in a compliant manner, and that you - our customers and members - can easily find out more about how we do this whenever you want.

We're always aiming to ensure our standards of corporate governance are as high as they can be, and that we comply with the Annotated Corporate Governance Code for mutual insurers issued by the Association of Financial Mutuals. The Code is consistent with the UK Corporate Governance Code, to which all UK listed companies must comply.

One of the most important ways we try to ensure sound governance is by putting a range of policies and systems in place. These help us make sure the company is being well-managed with effective oversight and control in the interest of our members at all times.

The Board of Directors has appointed a number of committees to oversee and report back on Royal London's different activities so that they are always up to date with how the business is being run. Each committee is chaired by a Non-Executive Director, and has specific delegated responsibilities.

Want to know more about these committees? We've popped a few helpful links below to the terms of reference of each committee, which outline the committees’ purpose and responsibilities:

Independent Governance Committee

Since April 2015, all companies that provide workplace pensions in the UK, such as Royal London, are required by the rules of the Financial Conduct Authority (FCA) to establish an Independent Governance Committee (IGC). These committees are required to consider how the workplace pension arrangements provide value for money to its customers. Here you can find out more about Royal London IGC (RLIGC):

You can also contact the IGC direct via e-mail at royallondonIGC@royallondon.com.  Please note that if you simply require information or work to be done by Royal London on your own policy, you can find the best way to Royal London on our get in touch page.