Media statement on the announcement of a Pensions Bill in the King's Speech

Published  17 July 2024
   1 min read

Rory Marsh, Customer Life Stage Director at Royal London:

"The Pensions Scheme Bill announced as part of today’s King’s Speech is largely a continuation of changes that were already underway. What will be key is the Government’s promised pensions review. This review must focus on building on the success of automatic enrolment, as this will have the greatest impact on people’s retirement outcomes and support the level of investment available to finance UK economic growth."

For further information please contact:

Patricia Corrigan, PR Manager   

About Royal London

Royal London is the UK's largest customer-owned life, pensions, and investment company, and one of the top 30 mutuals globally*. With over 160 years of heritage and no external shareholders, we're able to take a long-term view, focusing on supporting better outcomes for our customers.

Today, Royal London looks after 8.4 million life and pension policies, with £212 billion of assets under management and over 5,000 colleagues**. In 2026, we shared £199 million of our profits with approximately 2.4 million eligible customers.

We invest in partnerships that reflect our values, including being the only Founding Partner of the first British & Irish Lions Women's Team, supporting women's and girls' rugby across grassroots and elite levels to help develop the next generation of players and coaches. All driven by our commitment to doing what's right for our customers. 

Royal London works for you.

Discover more at royallondon.com.

*Based on total 2024 premium income. International Cooperative and Mutual Insurance Federation Global data, 2026.

**Figures quoted are as at 30 June 2026.