Royal London announces record EEV operating profit for 2018
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 womens' 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"