07 October 2020

Royal London partners with Turn2us to help people build financial resilience

3 min read

Steve Webb
Royal London

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Royal London has joined forces with national poverty charity, Turn2us, in its first flagship social impact partnership. The collaboration will focus on helping people prevent a life shock from becoming a crisis.

Unexpected life shocks, such as redundancy, coping with an accident, illness or injury, facing a separation or divorce, or losing a loved one, can often have a big impact on finances and pull people into financial hardship. Research shows that one in three UK adults (17.6 million people) say they wouldn’t be able to manage without their income, or cope financially in the event of a life shock1.

The partnership is an opportunity for Royal London and Turn2us to help people facing financial hardship build the resilience they need to recover from a life shock. Royal London and Turn2us aim to collaborate to enhance the charity’s existing impact through awareness raising, campaigning, sharing insight and expertise and providing vital funding.

Barry O’Dwyer, Chief Executive Officer at Royal London, said:

“Working with Turn2us offers a unique and exciting opportunity for us to advocate for positive, lasting change. This partnership is the first of its kind for Royal London and will give us the chance to better support our customers, their families and their communities, as well as help more vulnerable people across the UK. We’re really looking forward to seeing what we can achieve together.”

Thomas Lawson, Turn2us CEO:

“In the time I’ve worked in this sector, I don’t believe I have come across a charity and private sector partnership that feels more natural and powerful. With our combined commitment to making sure people can survive the implications of a life-changing event, we are well placed to bring about meaningful change. The wealth of insight, data and expertise that can now be shared between our teams paves the way for the creation and expansion of tools, services, resources and campaigns that can have a profoundly positive effect on the lives of people from across the country who are struggling to keep their heads above water.”

-ENDS-

For further information please contact:

Eliot Woolfe, Press Officer

Notes to Editors

  1. 1Source: Zurich
  2. More information on Royal London’s flagship social impact partnership can be found here.

About Royal London:

Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £139 billion, 8.6 million policies in force and 4,348 employees. Figures quoted are as at 30 June 2020.