2018 Press releases

Latest news

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

Accept Cookies