Royal London search for new Chair begins
By 31 December 2024, Kevin Parry, Chairman will have served six years on the Board. He has informed the Board that he does not wish to serve beyond this year and the Board has therefore accepted his resignation in line with his notice period.
Lynne Peacock, current Deputy Chair, will take on his responsibilities as Interim Chair with immediate effect. One of her first actions will be initiating and overseeing a search for a new Chair with the full support of the Board.
Kevin Parry said:
"It has been a privilege to chair Britain’s leading mutual insurance and asset management group. The Group needs to continue to develop its strategy to take advantage of market opportunities for growth across its insurance and asset management businesses for the benefit of our members. That requires leadership from a chair who can commit to a medium-term tenure of five or so years which is not available to me. I am grateful to Lynne for agreeing to take on the Interim Chair role whilst my successor is identified. I wish all my colleagues and our members the very best for the future success of Royal London."
Lynne Peacock, Interim Chair said:
"On behalf of the Board, I would like to thank Kevin for his advice and guidance in leading the strategic development of Royal London over the time of his tenure and wish him all the best in his next ventures. Personally, I have known Kevin for many years and whilst I know that we will all miss him, we understand the reasons for his decision."
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.
