Royal London enhances target lifestyle strategies
Royal London, the UK's largest life, pensions and investment mutual, has today announced a strategic enhancement to its target lifestyle strategies, including its default solution, with the aim of delivering improved retirement outcomes for members.
As part of its ongoing commitment to supporting positive customer outcomes, Royal London has increased the target equity allocation for younger customers within the growth stage of all target lifestyle strategies. The enhancement has been made to the portfolios of all customers who are invested in one of Royal London's target lifestyle strategies and are more than 10 years from retirement.
As a result, the overall proportion of growth assets in the default investment solution, Royal London Balanced Lifestyle Strategy (Drawdown), will increase from 82.5% to 92.5%.
Iain McLeod, Director of Investment Propositions, Royal London said:
"As a customer-owned business, we’re constantly reviewing and evolving our propositions to ensure they meet changing customer needs and to reflect our ambitions to be a leader in diversified, future-focused investment strategies.
"We will continue to explore opportunities to enhance our range for customers, across private markets, alternatives, traditional fixed income and equities, as the backdrop continues to evolve.
"This update, based on extensive modelling, reflects our belief in the long-term benefits of growth assets and our commitment to delivering better outcomes for members."
Notes to editors
Royal London's Governed Portfolios are a range of risk-graded investment solutions for customers who are saving into a personal or workplace pension.
Lifestyle strategies are investment approaches that automatically adjust the risk profile of a pension plan as a member approaches retirement.
For further information please contact:
Lora Coventry, Senior PR Strategy Manager
- Email: lora.coventry@royallondon.com
- Mob: 07919 170673
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.
