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At Royal London, there's always plenty to keep up with.

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Brexit barometer report

Brexit may not have yet happened, but as a nation, we are already responding in the way that we manage our finances day to day and also our financial plans for the future.

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Read our latest research and ideas on important policy issues affecting consumers.

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Our latest news helps you stay up to date with what’s going on at Royal London.

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Comment and insight from the Royal London media team

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Research at Royal London

Find out about the research we do at Royal London

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Latest news

Financial vulnerability of self-employed an ‘area of concern’ as figures show strong growth in numbers

Becky O'Connor, personal finance specialist at Royal London, comments on today's ONS employment figures that show the rise in the number of self employed people in the last year was greater than the rise in the number of employed people.

Fall in women in employment must not be allowed to continue

Helen Morrissey, pension specialist at Royal London, comments on today's UK Labour Market statistics.

Uncertainty continues to drag on growth

Melanie Baker, senior economist at Royal London Asset Management, comments on UK GDP statistics released this morning.

Pensions and the General Election – new Royal London analysis highlights risk of ‘safety first’ policies by major parties

A new policy paper from Royal London predicts ‘safety first’ policies on pensions in the manifestos of the major parties.

Independent schools opting out of Teachers Pension Scheme urged to ‘shop around’ and take advice before choosing new pension arrangements

With more than sixty independent schools having notified the Government of their intention to withdraw from the Teachers Pension Scheme by July 2019, attention is now turning to the alternative provision which schools are putting in place.

Five misconceptions about Wills

November is Will Aid Month and Royal London tested the public’s knowledge of Wills - this revealed five misconceptions.

Government must commit to annual increase of benefit to tackle funeral poverty

Louise Eaton-Terry, funeral cost expert at Royal London, comments on the Department for Work and Pensions announcement that the Funeral Expenses Benefit is to increase from Spring 2020.

UK looking at stagnant end to the year

Melanie Baker, senior economist at Royal London Asset Management, comments on the PMI Business Survey data released this morning.

Savers should think twice before raiding their pension to purchase property

Pension savers risk throwing away thousands of pounds of their hard earned savings if they raid their pension to purchase a second property according to Royal London.

HMRC ‘breaks its own record’ for overtaxing people on their pensions

Steve Webb, director of policy at Royal London, comments on new figures issued today by HMRC showing that the amount of overpaid income tax reclaimed by pension savers reached a record level in the latest quarter.

“Pension freedom withdrawals pass £30 billion, but savers being ‘savvy’ to reduce their tax bill”

Steve Webb, director of policy at Royal London, comments on new figures published today by HMRC that show a total of £30 billion has been withdrawn 'flexibly' from pensions.

'New figures show worrying decline in employer awareness of automatic enrolment'

A report on automatic enrolment published today by the Pensions Regulator shows the huge impact that the programme has had in driving up workplace pension membership. But the survey shows a worrying decline in the extent to which employers are fully aware of their duties.

RLAM welcomes revised UK stewardship code

Ashley Hamilton Claxton, head of responsible investment at Royal London Asset Management, comments on the Financial Reporting Council's revised UK Stewardship Code.

We need urgent reform of ridiculous web of tax allowances – Royal London

Commenting on today’s CPI figure which is used to set the Lifetime Allowance, Helen Morrissey, pension specialist at Royal London, said:

TV licence cut means 1.7 million over 75s face real terms cut in living standards next year

Pensions boost has a sting in the tail – Royal London calculations show TV licence cut means 1.7 million over 75s face real terms cut in living standards next year

Huge surge in people topping up their state pension

Figures published by HMRC show a huge surge in the last two years in the number of people paying voluntary National Insurance Contributions to top up their state pension record.

Royal London enhances income protection for NHS professionals

Royal London has made enhancements to its income protection proposition for NHS medical professionals to offer new benefits, if they are unable to work due to long-term illness.

Labour market data in line with struggling economy

Melanie Baker, senior economist at Royal London Asset Management, comments on the UK labour market data announced this morning.

Vital Pensions Bill measures blocked as Treasury has ‘no vision for pensions’

Steve Webb, director of policy at Royal London, comments on measures in the proposed Pensions Bill announced today.

New report on pensions and tax 'A very sensible manifesto' - but will HMRC treat it with 'contempt' as before?

A new report by the government’s independent tax experts has been hailed as a ‘very sensible manifesto’ by Royal London’s Director of Policy Steve Webb. But concerns have been expressed as to whether the proposals, by the Office of Tax Simplification, will have any real impact.

Royal London pilots life cover for severe mental health conditions

Royal London has launched a pilot offering life insurance to individuals with severe mental health conditions.

Newly retired women urged by Royal London to check state pension for little-known boost

Newly retired women and those coming up to retirement are being urged by mutual insurer Royal London to check that they are benefiting from a little-known feature of the new state pension system designed to protect those who paid a reduced rate of NICs.

Opperman letter sets clear direction of travel on ESG for pension schemes

Lorna Blyth, head of investment solutions at Royal London, comments in response to pensions minister Guy Opperman writing to 50 of the country’s biggest pension schemes to remind trustees about their responsibilities to set out their environmental, social and governance policies.

Government must learn lessons from state pension age case

Helen Morrissey, pension specialist at Royal London comments on the news that women have lost their High Court bid against state pension age rises from the government.

Latest figures indicate modest rate cut looks more likely as uncertainty continues

Melanie Baker, senior economist at Royal London Asset Management, comments on the latest UK purchasing managers index business survey figures.

Change at Metro Bank sends signal of hope

Ashley Hamilton Claxton, head of responsible investment at Royal London Asset Management, comments on Metro Bank's announcement this morning that chairman Vernon Hill will be stepping down.

Londoners and Scots most likely to have put off a big decision because of Brexit

With one month until the October 31 Brexit deadline, ten million people say they have put off a big financial decision because of Brexit, with the number rising by 3 percentage points from 16 per cent to 19 per cent of the British population in the last quarter, according to the survey by YouGov on behalf of Royal London, the mutual insurer.

Three million Brits put off buying a new home because of Brexit

With 30 days until the October 31 Brexit deadline, the number of Brits saying they have put off a big financial decision has risen to one in five (19 per cent) – equal to ten million people.

Increase in contributions exceeding annual allowance is “just the beginning”

Helen Morrissey, pension specialist at Royal London, comments on today's Personal Pension statistics.

As the number of people aged over 90 continues to grow government must address ticking time bomb of retirement under provision

Helen Morrissey, pension specialist at Royal London, comments on today's ONS data which shows the number of people aged 90 years and over continues to grow.

Sterling volatility continues as UK runs out of options

Trevor Greetham, head of multi asset at Royal London Asset Management, comments on today's UK Supreme Court ruling that the prorogation of Parliament was unlawful.

New Chief Executive Barry O’Dwyer joins Royal London

Royal London today announces that Barry O’Dwyer has joined Royal London to take up the role of Chief Executive, succeeding Phil Loney who stepped down at the end of June.

Bank of England on hold - not frozen

Melanie Baker, senior economist at Royal London Asset Management, comments on the Bank of England's decision to keep interest rates on hold.

Ryanair AGM dissent should have come as no surprise

Ashley Hamilton Claxton, head of responsible investment at Royal London Asset Management, comments on Ryanair's AGM.

Saudi oil attacks: what’s next? – Piers Hillier, Royal London Asset Management

Piers Hillier, chief investment officer at Royal London Asset Management, comments on the Saudi attacks and the impact this is having on oil prices.

'RIO' Borrowers face steep hike in interest rates for privilege of continuing to borrow into retirement

Homeowners planning on taking out new retirement interest-only (RIO) loans face a shocking cost hike for the privilege of continuing to delay the repayment of their capital balance, according to analysis by Royal London.

The global outlook remains "a tug-of-war between stimulus and trade tensions"

Melanie Baker, senior economist at Royal London Asset Management, comments on today's ECB monetary policy announcement.

Surge in employment shows older workers are a force to be reckoned with

Helen Morrissey, pension specialist at Royal London, comments on today's figures showing employment rates for older workers continue to grow.

Over 60s throwing away up to £1.75bn in retirement savings by opting out of pensions

Over 60s are throwing away up to £1.75bn in pension savings by opting out of their workplace pensions according to Royal London.

"Revolving door at DWP continues to turn" as Coffey replaces Rudd

Helen Morrissey, pension specialist at Royal London, comments on the news that Therese Coffey is replacing Amber Rudd as secretary of state for work and pensions.

New FOI shows state support for low income homeowners “all but abolished’’

The Government has all but abolished a valuable piece of the welfare state designed to support vulnerable homeowners in just over a year, new figures have revealed.

'The pound is now as volatile as the stock market, a very unusual state of affairs for a developed economy'

Trevor Greetham, head of multi asset at Royal London Asset Management, comments on the current political uncertainty.

Sustainable withdrawal rates vital to income drawdown success

Keeping income withdrawal rates within sustainable levels is vital to the long term success of an income drawdown portfolio according to Royal London.

‘Government announcement of time-limited state pension increases ‘deeply worrying’ for ex-pats living in Europe’

Steve Webb, director of policy at Royal London, comments on the Government's announcement that the annual state pension increases will only be guaranteed for the next three years to British pensioners living in Europe.

“Five good reasons to think twice before consolidating your pension pots”

Two major developments in pensions are likely to lead millions of savers to consider consolidating multiple smaller pension pots into one larger pot.

Parents must not put their retirement security at risk to help children onto the housing ladder

Helen Morrissey, pension specialist at Royal London, comments on Legal and General's research showing the so-called Bank of Mum and Dad (BoMaD) contributed £3.6bn to help their children get on the housing ladder.

We need long term thinking not kneejerk reactions to address ageing population issues

Helen Morrissey, pension specialist at Royal London, comments on today's Overview of the Population figures that project one in four people in the UK will be aged 65 and over 2050.

"Something is going wrong somewhere" - Becky O'Connor, Royal London, comments on latest tax-free childcare statistics

Becky O'Connor, personal finance specialist at Royal London, comments on the latest tax free childcare statistics.

'There is still work to be done to align executive pay' - Ashley Hamilton-Claxton

Ashley Hamilton-Claxton, head of responsible investment at Royal London Asset Management, comments on the High Pay Centre/CIPD report on chief executives' pay.

Greene King takeover - UK companies still attractive to overseas buyers

Richard Marwood, Royal London Asset Management's senior fund manager, comments on the news of the Greene King takeover.

Government must think carefully before taking drastic action on state pension age

Helen Morrissey, pension specialist at Royal London comments on the Centre for Social Justice’s report which recommended raising state pension age to 75.

Why taking money from the ‘wrong’ pension pot could cost you dear – new warning from Steve Webb

Little known tax rules mean that savers could see their ability to save into a pension slashed by up to 90% if they draw money from the ‘wrong’ pension pot, according to new analysis by mutual insurer Royal London.

Royal London interim results show robust performance

Our half year financial results show robust performance as we continue to invest in our products and propositions.

Pensioners risk huge blow to income if they miss pension credit deadline

Royal London is urging pensioners to check whether they can make a backdated claim for Pension Credit before the deadline expires on 13 August.

We need greater awareness of cohabiting couples’ rights as numbers continue to surge

Helen Morrissey, pension specialist at Royal London comments on figures which show the number of cohabiting couples now stands at 3.4m – a 25% increase in the last decade.

'ROI' home loans "not the answer"

The majority of interest-only borrowers hoping for a ‘RIO’ (retirement interest-only) loan to rescue them at the end of their mortgage term face disappointment because they haven’t saved enough into their pension and so would struggle to meet the ongoing repayments in retirement.

Poor governance at the smallest schemes putting retirement of members at risk

Helen Morrissey, pension specialist at Royal London responds to The Pensions Regulator’s DC survey.

“New HMRC figures show pensions over-taxation scandal hits record level”- Steve Webb, Royal London

Steve Webb, director of policy at Royal London, comments on quarterly figures published this morning by HMRC in their Pension Schemes Newsletter.

Access to insurance can be improved through digitalisation of medical records

Toby Bainbridge, head of protection solutions at Royal London comments in response to the Chartered Insurance Institute’s report: Shaping the Future of Medical Records and Protection Insurance.

Enthusiasm for pension freedoms remains high with record level of pension withdrawals in Q2 2019

Helen Morrissey, pension specialist at Royal London comments on July's Flexible Payments from Pensions figures.

Retirement Outcomes Review - FCA’s stance will safeguard against bad retirement outcomes

Helen Morrissey, pension specialist at Royal London comments on the release of the FCA’s policy statement on the Retirement Outcomes Review.

LSE should 'strategically develop' in the direction of data

Mike Fox, head of sustainable investments at Royal London Asset Management, comments on The London Stock Exchange Group's (LSE) confirmation that it is in talks to buy analytics firm Refinitiv for $27 billion.

New PM urged not to neglect domestic agenda on pensions and social care

Helen Morrissey, pension specialist at Royal London, comments on the announcement of the new Prime Minister.

Cost of losing childcare vouchers could run into thousands for parents of school children

Hundreds of thousands of working parents who receive childcare vouchers could lose out on tax savings worth thousands of pounds over their children’s school careers if they switch over to the new government Tax-Free Childcare (TFC) scheme, new analysis from Royal London has revealed.

Inheritance and tax top the table of worries about a change of government among investors

Financial advisers have reported a significant increase in the number of questions about the impact of a potential change in government from worried investors.

No such thing as a typical drawdown customer

Income drawdown customers are taking full advantage of pension freedoms to take their income in a variety of ways according to research from Royal London.

Government funeral fund improvements fall short yet again

Royal London’s Funeral Cost Expert, Louise Eaton-Terry, comments on the announcement by the Department for Work and Pensions that bereaved families will receive funeral payments quicker as a result of a new change to speed up Funeral Expenses Payment.

HMRC admits it 'hasn't got a clue' how many people are facing fines over pension tax relief rules

A new FOI response obtained by Royal London has revealed that HMRC simply do not know how many people they are fining each year over breaching rules relating to pension tax relief.

"Expect the worst when it comes to finances"

Becky O'Connor, personal finance specialist at Royal London, comments on StepChange "Life Happens" report.

New civil partnerships proposals could lead to 'major boost' to family finances

Proposals launched by the Government today could lead to a big financial boost for more than three million couples according to mutual insurer, Royal London.

RLAM bolsters responsible investment team with two hires

Royal London Asset Management (“RLAM”) has recruited Carlota Garcia-Manas and Beth Goldsmith to the responsible investment team.

Life policies should not have to be written under trust to avoid IHT

Clare Moffat, head of business development at Royal London Intermediary comments on the Office of Tax Simplification’s Inheritance Tax Review.

"Changes on life insurance and IHT a big step forward - but government urged to go further"

Ian Smart, product architect at Royal London, responds to the Office for Tax Simplification's Inheritance Tax Review.

"New statement shows government 'dragging its heels' on pensions equality"

The Government’s response this week to a landmark court judgment shows that it is ‘dragging its heels’ on pensions equality according to Royal London policy director, Steve Webb.

"Could Jeremy Hunt's social care proposals fatally undermine automatic enrolment for pensions?"

Today’s launch by Conservative leadership candidate Jeremy Hunt of plans to tackle the social care crisis risk undermining the whole system of automatic enrolment for pensions, according to Royal London director of policy Steve Webb.

Royal London appoints Steve Murray as corporate development director

Royal London today announces the appointment of Steve Murray into the newly created role of Corporate Development Director.

Brits "more pessimistic and polarised" about Brexit impact on finances

There might be uncertainty over the nature of Britain’s exit from the EU, but on one thing, the nation is making up its mind: Brexit will have an impact on personal finances.

The changing nature of protection

As traditional triggers for buying protection are happening later in life, new triggers such as starting a new job or receiving a pay rise are becoming more important in the eyes of the consumer, according to Royal London’s 2019 State of the Protection Nation report.

Lack of really long gilts shows UK’s failure to “seize the moment”

With Austria set to launch a new 100 year bond, Jonathan Platt, head of fixed income at Royal London Asset Management, questions why the UK has not done this already.

‘New figures reveal risk of a ‘lost generation’ as contributions to new pensions 80% lower than amounts going in to older pensions’

Helen Morrissey, Pension Specialist at Royal London responds to data showing total membership of occupational pension schemes in the UK hit 45.6m in 2018.

US Federal Reserve: opening the door to a rate cut

Melanie Baker, senior economist at Royal London Asset Management, comments on the US Federal Reserve's decision to hold its base rate steady.

Breathing space scheme eases pressure for all of us

Becky O'Connor, personal finance specialist at Royal London, comments on the Government announcement of a new 60-day "breathing space" scheme to begin in 2021 for those with problem debt.

Quicker action needed ‘against those who are not doing a proper job’ on DB transfer advice

Steve Webb, Director of Policy at Royal London, comments on today's update from the FCA on DB transfer advice.

MPs grill industry on funeral costs

Mona Patel, consumer spokesperson at Royal London, comments ahead of today's Work and Pensions Committee hearing.

Royal London appoints new Group Chief Executive

Royal London announces that Barry O’Dwyer has been appointed Group Chief Executive subject to regulatory approval. He is expected to take up his appointment in September 2019.

Pensioners risk losing more than a free tv licence if they don’t claim pension credit

Pensioners who don’t check to see whether they qualify for Pension Credit risk missing out on more than a free TV licence – they could also lose help with utilities and a host of other benefits according to Royal London.

Increase in female employment drives number in work to record high

Helen Morrissey, pension specialist at Royal London, comments on today's Labour Market figures.

More than half a billion paid out in claims by Royal London

Royal London paid 99% of claims in 2018 with more than £506m paid out in UK protection claims, helping more than 38,000 customers and their families at a difficult time.

Pre-school costs more than mortgage or rent for working parents

Parents with pre-school children who work full time are paying more for childcare than their own home, new analysis suggests.

Cremation fees rise by up to 56% over four years

Our research shows that cremation fees across the UK have risen by an average of 21% over a four year period compared with general inflation over the same period of just 6.3%.

Britain back in the pension savings habit as stats show £90.4bn saved

Helen Morrissey, pension specialist at Royal London, comments on today's figures showing £90.4bn was saved into pensions in 2018 by eligible employees.

Minister forced to admit ‘significant’ problems as a third of a million incorrect state pension forecasts issued

In a letter sent to Royal London policy director Steve Webb, Pensions Minister Guy Opperman has admitted ‘significant’ problems with incorrect state pension forecasts.

Chris Curry an “excellent choice” for dashboard delivery group

Helen Morrissey, pension specialist at Royal London, comments on Chris Curry's appointment as principal of the pension dashboard delivery group.

Funeral plan regulation to offer consumers greater protection

Royal London's funeral expert Louise Eaton-Terry comments on the Government's proposal to regulate pre-paid funeral plans.

Government 'double-counting' blunder means take up of marriage tax break far lower than previously claimed by Ministers

Revisions to official statistics published today by HMRC show that far fewer people than previously thought are benefiting from the special income tax allowance for married couples.

"Use Parliamentary limbo period to table Pensions Bill"

Steve Webb, director of policy at Royal London, comments on the announcement of the resignation of the Prime Minister.

Nora O’Mahony appointed non-executive director for Royal London fund boards

Royal London Asset Management (RLAM), the investment manager of Royal London Unit Trust Managers (RLUTM) and RLUM, announces the appointment of Nora O’Mahony as non-executive director to the fund boards, with effect from 1 June 2019.

RLAM renews calls for a new independent chairman to ‘lead governance reforms’ at Metro Bank

Ashley Hamilton-Claxton, Head of Responsible Investment at Royal London Asset Management, comments following the Metro Bank AGM on Tuesday.

Government receives one complaint every hour about tax-free childcare

Disgruntled parents have made one complaint every hour about the Government Childcare Service since Tax-Free Childcare became the main support scheme for childcare costs last year.

RLAM remains unconvinced that Metro Bank has sufficiently addressed previous governance concerns

Ashley Hamilton-Claxton, head of responsible investment at Royal London Asset Management, comments ahead of Metro Bank's AGM.

Number of grandparents getting state pension help for looking after grandchildren passes 10,000

New figures revealed to insurer Royal London under the Freedom of Information Act show that more than 10,000 grandparents and other family members received help with their state pension in 2017/18 for looking after grandchildren.

UK labour market: first signs of trouble?

Melanie Baker, Senior Economist at Royal London Asset Management, comments on today's UK labour market figures.

Major shift needed to address gender pay gap

Helen Morrissey, pension specialist at Royal London, comments on today's UK Labour Market statistics.

Ahead of Playtech's AGM, Royal London Asset Management still has some concerns

Ashley Hamilton Claxton, head of responsible investment at Royal London Asset Management, comments on Playtech ahead of its AGM.

Finding the right medicine - how to fix the problems between doctors and their pension scheme

With growing reports of senior NHS staff cutting their hours or even retiring because of pension tax issues, Royal London has published a new policy paper explaining the issue and reviewing the various solutions on offer.

How far up the housing equity ladder should you expect to be at your age?

New analysis of official mortgage figures has revealed how old UK mortgage borrowers are when they take out home loans at different loan-to-value limits.

Bank of England still signalling future rate rises

Melanie Baker, senior economist at Royal London Asset Management, comments on today's interest rate decision by the Bank of England.

Divorced Brits regret splitting after new financial pressures hit home

Thousands of people who go through a divorce or separation each year regret the split because of new financial pressures they’ve faced being single, according to new research by Research Without Barriers for Royal London, the mutual insurer.

Appetite for pension reforms undimmed as withdrawals top £25bn

Helen Morrissey, pension specialist at Royal London, comments on today's figures showing flexible payments from pensions.

Millions risk financial welfare due to lack of understanding around Power of Attorney

New research from mutual insurer Royal London has shown that half of adults are not aware of Power of Attorney, which is a vital protection to help families when loved ones can no longer cope.

Policy reform, not more bank of mum and dad, required to ease intergenerational divides

Personal finance specialist Becky O'Connor comments on the House of lords Committee on Intergenerational Fairness and Provision, published this morning.

Renters hit hardest by rising costs

Personal finance specialist Becky O'Connor comments on today's ONS household living costs index.

Improvement in pension incomes could “go into reverse” without government action

Pension specialist, Helen Morrissey, comments on today's statistics showing disposable income for retired households has increased at a faster rate than for non-retired households.

Royal London introduces more flexibility to income protection

Royal London has introduced a new payment option of five years to its Income Protection, making the cover more flexible.

Women's pension equality 'still decades away' despite growth in pension coverage

The Office for National Statistics (ONS) has today published new data on workplace pension scheme membership drawn from the latest Annual Survey of Hours and Earnings for 2018.

AE an "enormous success" but we need to include self-employed

Royal London pension specialist, Helen Morrissey, comments on today's data which shows the success of auto-enrolment.

New FOI reveals far more low-paid workers missing out on pension tax relief than previously thought

A new FOI reply to Steve Webb, Director of Policy at Royal London, suggests that far more low-paid and part-time workers are missing out on tax relief on their pension contributions than previously thought.

We need to get dashboard right first time

Helen Morrissey, pension specialist at Royal London responds to reports that a Pension Dashboard could be available within months.

Single, under 40, in work and renting – a snapshot of debt nation

StepChange, the debt charity, today (Wednesday April 3) publishes a report showing that a record number of people contacted the charity in 2018 and that the majority of its clients are under 40, in-work and renting.

Half a million workers past pension age may be paying unnecessary tax on their state pension

New research published today (Weds 3rd April) by mutual insurer Royal London has found that large numbers of people working past state pension age could be paying unnecessary tax on their state pension.

John Brett appointed non-executive director for Royal London fund boards

Royal London Asset Management (RLAM), the investment manager of Royal London Unit Trust Managers (RLUTM) and RLUM, announces the appointment of John Brett as non-executive director to the fund boards, with effect from 1 April 2019, subject to regulatory approval.

HMRC ‘moving at snail’s pace’ in resolving tax issues around GMPs

HMRC has been condemned for moving ‘at a snail’s pace’ to resolve uncertainties around the tax implications of the Lloyds Bank judgment on GMPs by Royal London policy director Steve Webb.

RLAM moves to fixed fund management fee

Royal London Asset Management (RLAM) will move to a single, fixed fund management fee, titled the ‘Fund Management Fee’ (FMF), with effect from 3 June 2019.

Financial planning "must keep up" with changing circumstances as marriage rates for older couples rise

Clare Moffat, head of business development at Royal London Intermediary, comments on today's statistics on Marriages in England and Wales.

Fall in pensioner incomes shows rising prosperity of elderly cannot be taken for granted

Helen Morrissey, pensions specialist at Royal London comments on this year's pensioners' income statistics.

Half of all babies now born in rented accommodation

Around half of all babies born in Britain – approximately 365,000 a year - are now born into rented accommodation, new analysis from Royal London has revealed.

Royal London appointed as new insurance partner by Cover Direct

Royal London has partnered with Cover Direct to offer Over 50s life insurance direct to consumers.

Funeral industry needs to make its pricing clear and transparent

Louise Eaton-Terry, funeral cost expert at Royal London, comments on the Competition and Markets Authority's announcement today on a market investigation into the funerals sector.

RLAM strengthens wholesale team with appointment of Phil Davey

Royal London Asset Management (RLAM) announces the recent appointment of Phil Davey as relationship manager for London discretionary sales.

'Groundbreaking' new research reveals 'Lifetime Allowance timebomb' set to hit more than a million workers

New analysis published today (24th March) by mutual insurer Royal London has shown, for the first time, how many of today’s workers are at risk of breaching the £1.03m lifetime limit for pension tax relief over the course of their working life, as well as the numbers who are already over the limit but may not realise.

IGC report shows Royal London provides value for money to workplace customers

Royal London continues to provide value for money overall to its workplace customers and has delivered on the commitments made in last year’s report according to the fourth report of its Independent Governance Committee (IGC).

Royal London announces record EEV operating profit for 2018

‘Women still a long way away from jobs equality’

Helen Morrissey, pension specialist at Royal London, comments on today's UK Labour Market statistics.

Collective DC consultation response - 'Narrow scope means wider adoption could be many years away'

The DWP has today published its response to the consultation on Collective DC pension schemes. Steve Webb, director of policy at Royal London comments.

No big spending fireworks in the Spring Statement, but the fiscal outlook is Brexit dependent

Melanie Baker, senior economist at Royal London Asset Management, comments on today's Spring Statement.

No excuse for Autumn raid on pension tax relief now Chancellor has revealed his ‘war chest’

The improvement in the public finances revealed by the Chancellor in his Spring Statement means he now has no excuse for an Autumn Budget raid on pension tax relief, according to Royal London policy director Steve Webb.

FCA decision to hike FOS compensation limit 'shocking' and 'counter-productive'

The announcement today by the FCA that it is planning to more than double the compensation limit at the Financial Ombudsman Service to £350,000 has been condemned as ‘shocking’ by Royal London Director of Policy, Steve Webb.

Women urged to 'get ahead of the curve' on pension saving, as new figures show women's earnings peak in thirties

Helen Morrissey, pensions specialist at Royal London comments on the publication of today's Personal Income statistics.

"Tougher action on large dividends to be welcomed" - Steve Webb, Royal London

Steve Webb, director of policy at Royal London comments on the publication today of the Pensions Regulator's 2019 Defined Benefit Funding Statement.

Millions of Brits fear cost of living surge post-Brexit

As the date of a possible withdrawal from the EU looms, more Brits than last year fear for their financial wellbeing in a post-Brexit world.

From panic to complacency?

Royal London Asset Management’s head of multi asset, Trevor Greetham, looks at whether investors are now more complacent to growth.

More than six million adults refuse to discuss their will with loved ones

Ahead of Free Wills Month in March, research from Royal London reveals a quarter (26%) of people with a will do not discuss it as they do not want to think about dying. The research also found that one in four (27%) do not want to upset beneficiaries by discussing the contents of their will.

Help to Save - "Great, if you've heard of it" Royal London comments

Becky O'Connor, personal finance specialist at Royal London comments on the Help to Save statistics published today.

‘New HMRC figures show half a million families a year missing out on child benefit since 2012 – women losing hundreds of millions in state pension rights’

Steve Webb, Director of Policy at Royal London, comments on figures published today by HMRC on the number of families claiming child benefit.

Metro Bank to be investigated by regulators following accounting oversight

Ashley Hamilton Claxton, head of responsible investment at Royal London Asset Management comments on the latest development for Metro Bank.

Fund selector JB Beckett joins Royal London’s investment advisory committee

Royal London has welcomed experienced fund selector JB Beckett to its Investment Advisory Committee (IAC).

Pensions inequality generates huge gap between high income and low income pensioners

Helen Morrissey, pensions specialist at Royal London comments on the publication of “The effects of taxes and benefits on household income, disposable income estimate: 2018”

Younger consumers addressing protection needs too late in life

New research by Royal London shows three quarters (74%) of IFAs believe that younger consumers are not addressing their protection needs early enough, with two in five (43%) advisers struggling to attract clients under the age of 35.

Tax-free childcare flops in first year at just £32mn in top-up payments

Data from HM Revenue & Customs published last week (Thursday 21 February 2019) showed the Government paid just £32 million in ‘top-ups’ towards 50,000 tax-free childcare accounts being used by parents during the scheme’s first year.

April 2019 contribution rises ‘will not lead to large-scale pension opt-outs’

New research by mutual insurer Royal London has found that the next step up in pension contributions which takes place in April 2019 is highly unlikely to lead large numbers of people to give up on saving in a workplace pension.

Dairy Crest deal highlights attractions of UK companies

Richard Marwood, senior fund manager at Royal London Asset Management comments on the news that Dairy Crest is to be bought by Canadian company Saputo.

Government childcare scheme ‘misses half of the families it was meant to help’

Only half of the 600,000 families in England the Government said would be eligible for 30 hours of “free” childcare for three and four-year olds have actually benefited, according to new analysis by mutual insurer Royal London.

Employment gap continues to narrow between men and women

Helen Morrissey, pension specialist at Royal London, comments on statistics on the employment gap between men and women.

“New FOI reply reveals over 100,000 savers could face shock six figure tax bills following tiny uplifts to their pension – urgent need for clarity from HMRC”

Tiny changes to the company pensions of thousands of workers following a recent court case could land them with unexpected six figure tax bills unless urgent action is taken by HMRC, according to Steve Webb, Director of Policy at Royal London.

Royal London calls for more awareness of frozen pensions trap

Helen Morrissey, pension specialist at Royal London, comments on today’s figures which estimate the costs of uprating State Pension in frozen rate countries.

Tenant fees bill gains Royal Assent but “does not address the structural issues within the private rented sector”

Becky O'Connor, Personal Finance Specialist, comments on the news that the Tenant Fees Bill gained Royal Assent today and will become an Act on June 1, 2019.

Ryanair's eye-watering share option grant is just ludicrous

Ashley Hamilton Claxton, head of responsible investment at Royal London Asset Management comments on the news that Ryanair's chief executive officer could receive a windfall pay-out.

New crackdown on employers ‘more likely to generate headlines than protect pensions’

Steve Webb, Director of Policy at Royal London, comments on the latest re-announcement by the government of plans for a new criminal offence of ‘recklessly or wilfully’ under-funding a workplace pension scheme.

Ashley Hamilton Claxton, head of responsible investment at Royal London Asset Management, comments on Ryanair’s announcement of a new Group structure

Ashley Hamilton Claxton, head of responsible investment at Royal London Asset Management, comments on Ryanair’s announcement of a new Group structure.

Royal London urges people to claim Power of Attorney refunds as figures show millions left unclaimed

Mutual insurer Royal London is urging people with a registered power of attorney to check whether they are due a refund of their fees as figures show only 20% of those eligible have done so.

DWP plans for small scheme consolidation ‘risk being feeble tick box exercise’

Royal London’s Director of Policy, Steve Webb, comments on a consultation paper published today by DWP on infrastructure investment by pension schemes.

Savings rates beginning to outdo property price growth

Piling money into houses is no longer an antidote to dismal returns on savings, as the best best-buy interest rates are now higher than the annual average property price growth in England.

New HMRC figures show cash 'under the mattress' nearly doubles since 2001

Helen Morrissey and Trevor Greetham comment on UK Personal Wealth Statistics published today.

New bidder for RPC vindicates investor caution

Craig Yeaman, fund manager at Royal London Asset Manager comments on the news that a potential rival bidder has emerged for RPC.

‘HMRC ‘over-taxing spree’ passes £400m mark’

Our pensions specialist, Helen Morrissey, comments on new figures released today by HMRC.

Steve Webb, Royal London, challenges DWP to ‘seize the moment’ over DB benefit simplification

DWP has been urged to ‘seize the moment’ for pensions simplification by bringing forward legislation to make it easier for Defined Benefit pension schemes to streamline member benefits.

Royal London Asset Management launches multi asset fund seeking to generate growth while managing downside risk

Royal London Asset Management (RLAM) has launched a multi asset fund designed for investors looking to capture market upside while limiting downside risk.

New FCA rules on retirement choices show that ‘reckless caution not lamborghinis’ is big issue with pension freedoms

Following publication today of the FCA’s conclusions from its Retirement Outcomes Review, Steve Webb, Director of Policy at Royal London comments

Royal London’s Governed Portfolios prove that diversification delivers with strong ten year performance

Royal London’s Governed Portfolio range - a suite of nine portfolios designed to suit pension investors across a range of risk appetites and investment horizons – is celebrating its tenth anniversary by posting strong results across all portfolios.

Paying Lifetime and Annual Allowance tax charges isn't always a bad thing

Pension scheme members at risk of breaching lifetime and annual allowances should not adopt a default position of ceasing contributions according to mutual insurer Royal London.

Royal London intermediary appoints new distribution director

Royal London today announces the appointment of Tom Dunbar as Distribution Director for its intermediary division.

Royal London reunites lost policyholders with £14 million

Royal London, the UK’s largest mutual life, pensions and investment company, has reunited 36,000 customers with lost ‘penny policies’ worth more than £14 million.

Appetite for pension flexibility remains undimmed with £1.9bn taken in last quarter

Our pensions specialist Helen Morrissey comments on today’s statistics showing flexible payments from pensions.

RLAM welcomes Investment Association's consultation

comment from Mike Fox, head of sustainable investments

Royal London Asset Management expresses disappointment at RPC takeover news

Craig Yeaman, senior fund manager at Royal London Asset Management, comments on the takeover news for RPC.

Home maintenance time bomb ticking for over 50s

Our pension specialist Helen Morrissey comments on today's UK Family Spending statistics.

Growing number of women working full time is good news for financial resilience

Our Pensions Specialist Helen Morrissey comments on the latest UK Labour Market Statistics.

Steel workers ‘let down by those who should have protected them’ – Steve Webb, Royal London

Our Director of Policy Steve Webb comments on today’s publication of a report by Caroline Rookes into the issues around the British Steel Pension Scheme.

The ‘Dos’ And ‘Don’ts’ Of Debt-Talk

“Blue Monday” is the third Monday of January, so-called because it is meant to be the most depressing day of the year.

Help to Save scheme off to a "slow start"

The Government’s flagship Help to Save savings scheme aimed at those in receipt of Universal Credit is off to a “slow start”

Scotland updates flawed benefit inherited from DWP

Commenting on the Scottish Government’s announcement that the Funeral Expense Assistance (FEA) will replace the current Department for Work and Pensions (DWP) Funeral Payment in Scotland

Paying lifetime and annual allowance tax charges isn’t always a bad thing

Advisers have a vital role to play in exploding myths around paying lifetime and annual allowance charges according to Royal London.

Sandwich carers face pensions 'double whammy'

On the day that the Office for National Statistics publishes research on Britain’s 1.3 million ‘sandwich carers’ – those looking after children and elderly relatives at the same time – mutual insurer Royal London is highlighting a pensions injustice making life even more difficult for this group.

Workers urged to top up State Pension now to avoid April 2019 hike in cost of contributions

People thinking about paying voluntary National Insurance Contributions to fill past gaps in their contribution record are being urged to do so before 6th April by pensions experts.

The Best Things In Life Aren’t Free: Royal London Calculates Key Life Goals Will Take 25 Years To Pay For

Anyone planning how to meet their big life dreams in 2019 take note: the best things in life are very much not free. That’s if your aspirations are on the conventional side, anyway.

Royal London comments on the one-year anniversary of Open Banking

Becky O'Connor, personal finance specialist at Royal London comments on the one-year anniversary of "Open Banking".

Government cuts force more bereaved families into poverty

Local authorities in the UK spent almost £5.4 million on public health funerals in 2017/18.

3 in a row! Royal London awarded gold for customer service

Royal London has received the highest accreditation from Investor in Customers (IIC) for outstanding customer experience for the third year in a row.

Royal London opens Ireland subsidiary

Royal London today announces the opening of ROYAL LONDON INSURANCE DAC

new research shows divorced women are ‘pensions poor relations’

Relationship charity Relate report a 24% surge in inquiries in January each year from those with relationship worries

Royal London's new year money goals

Research from Royal London shows two in five (41%) adults are anxious about money, which can often lead to nightmares and stress.

Quarter of a million nurses could face retirement poverty

A quarter of a million NHS workers have opted out of the NHS pension scheme in the last three years

Trump Slump: Bargain Hunting after The Christmas Crash

The drop in stock prices that started with a seasonal October sell off intensified in December on disappointing economic reports out of China, heightened geopolitical tensions and a series of inept policy announcements in Washington.

Increased ombudsman award limits will have huge "unintended consequences" for advisers and clients

Plans to increase the amount of money the ombudsman service can award for complaints against firms could lead to huge rises in the cost of insurance for advisers warns Royal London.

Royal London welcomes Candia Kingston to Investment Advisory Committee

Royal London has welcomed Candia Kingston as an independent member of its Investment Advisory Committee (IAC).

Fed hike - not quite as dovish as expected

Melanie Baker, senior economist, at Royal London Asset Management commenting on the latest rate hike by the Fed

DWP evaluation of automatic enrolment offers ‘rare good news’ on pensions

With so much doom and gloom about pensions, this report offers a rare glimmer of hope

Offering flexible working options key to keeping older workers in workplace

People in the 52 to 64 age group are more likely than any other age group to be carers with many also still working

Half of workers worried about income if they were to fall ill

A million workers are off sick for more than a month every year, with research showing half (52%) would worry about their income if they became too ill to work

Save yourself the post Christmas tax return blues

Save yourself the post-Christmas tax return blues says Royal London to self-employed who are yet to file

Upward trend in women in full time employment

will see more auto-enrolled into pensions

Royal London today announces that Group CEO Phil Loney has decided to stand down by the end of 2019.

He is standing down to concentrate on his longstanding charitable interests in the international development sector and supporting people with learning difficulties.

Royal London enhances critical illness cover

Royal London introduces enhancements to its critical illness cover (CI) for three of the most common areas for claim - cancer, heart conditions and multiple sclerosis - allowing the business to pay out in a wider range of circumstances.

New pension superfunds could be ‘game-changers'

Today’s announcement that the Government are launching a consultation into pension "superfunds" could give savers more secure retirement incomes

Perplexed by wills: more than 5 adults do not know where to begin

New research by Royal London reveals that 5.4 million adults without a will in the UK would not know where to begin if they were to write one.

Will we stay or will we go

The probability of the UK remaining in the EU has just increased. With Brexit events moving at such a startling pace and less than a week to go before Parliament votes on Theresa May’s Withdrawal Agreement, investors should ensure their portfolios are prepared for every eventuality.

Pension enrolment threshold frozen again

Announcement today that the threshold for enrolment into a workplace pension is to be frozen at £10,000 effects hundreds of thousands more workers

Responding to the publication of a report by the Economic Affairs Committee

Responding to the publication of a report by the Economic Affairs Committee - "HMRC Powers: Treating Taxpayers Fairly"

Positive outcome for Restaurant Group deal

Commenting on the verdict of the Restaurant Group rights issue and the acquisition of Wagamama

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Latest news

Financial vulnerability of self-employed an ‘area of concern’ as figures show strong growth in numbers

Fall in women in employment must not be allowed to continue

Uncertainty continues to drag on growth

Pensions and the General Election – new Royal London analysis highlights risk of ‘safety first’ policies by major parties

Independent schools opting out of Teachers Pension Scheme urged to ‘shop around’ and take advice before choosing new pension arrangements

Five misconceptions about Wills

Government must commit to annual increase of benefit to tackle funeral poverty

UK looking at stagnant end to the year

Savers should think twice before raiding their pension to purchase property

HMRC ‘breaks its own record’ for overtaxing people on their pensions

“Pension freedom withdrawals pass £30 billion, but savers being ‘savvy’ to reduce their tax bill”

'New figures show worrying decline in employer awareness of automatic enrolment'

RLAM welcomes revised UK stewardship code

We need urgent reform of ridiculous web of tax allowances – Royal London

TV licence cut means 1.7 million over 75s face real terms cut in living standards next year

Huge surge in people topping up their state pension

Royal London enhances income protection for NHS professionals

Labour market data in line with struggling economy

Vital Pensions Bill measures blocked as Treasury has ‘no vision for pensions’

New report on pensions and tax 'A very sensible manifesto' - but will HMRC treat it with 'contempt' as before?

Royal London pilots life cover for severe mental health conditions

Newly retired women urged by Royal London to check state pension for little-known boost

Opperman letter sets clear direction of travel on ESG for pension schemes

Government must learn lessons from state pension age case

Latest figures indicate modest rate cut looks more likely as uncertainty continues

Change at Metro Bank sends signal of hope

Londoners and Scots most likely to have put off a big decision because of Brexit

Three million Brits put off buying a new home because of Brexit

Increase in contributions exceeding annual allowance is “just the beginning”

As the number of people aged over 90 continues to grow government must address ticking time bomb of retirement under provision

Sterling volatility continues as UK runs out of options

New Chief Executive Barry O’Dwyer joins Royal London

Bank of England on hold - not frozen

Ryanair AGM dissent should have come as no surprise

Saudi oil attacks: what’s next? – Piers Hillier, Royal London Asset Management

'RIO' Borrowers face steep hike in interest rates for privilege of continuing to borrow into retirement

The global outlook remains "a tug-of-war between stimulus and trade tensions"

Surge in employment shows older workers are a force to be reckoned with

Over 60s throwing away up to £1.75bn in retirement savings by opting out of pensions

"Revolving door at DWP continues to turn" as Coffey replaces Rudd

New FOI shows state support for low income homeowners “all but abolished’’

'The pound is now as volatile as the stock market, a very unusual state of affairs for a developed economy'

Sustainable withdrawal rates vital to income drawdown success

‘Government announcement of time-limited state pension increases ‘deeply worrying’ for ex-pats living in Europe’

“Five good reasons to think twice before consolidating your pension pots”

Parents must not put their retirement security at risk to help children onto the housing ladder

We need long term thinking not kneejerk reactions to address ageing population issues

"Something is going wrong somewhere" - Becky O'Connor, Royal London, comments on latest tax-free childcare statistics

'There is still work to be done to align executive pay' - Ashley Hamilton-Claxton

Greene King takeover - UK companies still attractive to overseas buyers

Government must think carefully before taking drastic action on state pension age

Why taking money from the ‘wrong’ pension pot could cost you dear – new warning from Steve Webb

Royal London interim results show robust performance

Pensioners risk huge blow to income if they miss pension credit deadline

We need greater awareness of cohabiting couples’ rights as numbers continue to surge

'ROI' home loans "not the answer"

Poor governance at the smallest schemes putting retirement of members at risk

“New HMRC figures show pensions over-taxation scandal hits record level”- Steve Webb, Royal London

Access to insurance can be improved through digitalisation of medical records

Enthusiasm for pension freedoms remains high with record level of pension withdrawals in Q2 2019

Retirement Outcomes Review - FCA’s stance will safeguard against bad retirement outcomes

LSE should 'strategically develop' in the direction of data

New PM urged not to neglect domestic agenda on pensions and social care

Cost of losing childcare vouchers could run into thousands for parents of school children

Inheritance and tax top the table of worries about a change of government among investors

No such thing as a typical drawdown customer

Government funeral fund improvements fall short yet again

HMRC admits it 'hasn't got a clue' how many people are facing fines over pension tax relief rules

"Expect the worst when it comes to finances"

New civil partnerships proposals could lead to 'major boost' to family finances