The standard of living we have come to expect is in jeopardy.
Our population is getting older. Many of us will struggle to maintain our standard of living in retirement. These challenges coincide with a climate crisis that is damaging the world into which we will retire.
We can help you save for the future and invest responsibly, so we can all build a future worth living in.
Now is not the time to be passive.
Many of us lack the means to support ourselves in retirement in the way we would like.
The climate crisis is damaging the world we will live in.
Our future standard of living is at risk.
We can take action together. Our pensions have power.
The climate crisis will define our generation and affect generations to come.
We need to act together.
And we need to act quickly.
Your pension can make a big difference.
In the fight against climate change.
Our standard of living is shaped by our finances and our environment.
We all have an influence and responsibility.
Our pensions have power.
They can give us a financial and environmental return.
We all need help to make confident financial choices.
Royal London supports financial advisers.
Offers guidance and works with charities to help people get back on their feet.
We are responsible for managing over £148bn pounds.
The companies we invest in can make a big difference
in the fight against climate change.
We actively work with them to influence their plans for the better.
We are committed.
Committed to achieving net zero across our investments by 2050.
Committed to a 50% reduction by 2030.
Committed to reducing the environmental impact of our own business to net zero by 2030.
Being a mutual means we think differently.
We are here to serve you, our customers and we serve no one else.
We don’t pay shareholders.
We use our profits to improve, and we also share them with eligible customers.
Protecting today, investing in tomorrow. Together, we are mutually responsible.
Building a future worth living in
By 2030, we aim to reduce carbon emissions from our investment portfolios by 50%, while also developing solutions that help our customers to invest in the low carbon transition.
Our mutual status makes us different
As a mutual business we work solely for you, our customers.
Since 2007, through our ProfitShare scheme, eligible customers have shared in our collective success by over £1 billion.
Building your financial resilience
We believe in the benefits of impartial financial advice. If you don't have a financial adviser we can provide support to help you make confident financial decisions.
Did you know your pension can help the fight against climate change? We are cutting the carbon footprint of our investments and committing to net zero* by 2050 across our investment portfolio.
*Net zero is the balance between the carbon emitted into the atmosphere and the carbon removed from it.
Beyond customer outcomes
We’re calling on our industry to help protect a good standard of living for this and future generations. This policy paper explores the steps we need to take to help customers build financial resilience and create a future worth living in.
Our responsible business commitments
We will continue to provide quality products and support to help you make confident financial decisions
We will work with companies to aim to reduce carbon emissions to net zero across our investment portfolio by 2050
We will support financial advisers so they can scale their provision of good advice
We will work with employers to help them to educate, inform and guide their employees, and to make it easier for employees to save for retirement
We will call on regulators to recognise factors beyond product design and charges, including climate change, that will contribute to a good outcome
We will ask government to promote fiscal policies that reward the behaviour of those who act responsibly and who do the right thing.
"We are focused on the actions we need to take to help our customers experience a good standard of living."
Barry O'Dwyer, Group CEO, Royal London
Together for good
We're signatories to these climate initiatives:
More on how we invest responsibly
As part of our commitment to being a responsible investor, we ask our asset managers to engage with regulators, governments, and NGOs to advance good governance on our behalf.
What is responsible investing?
We hear lots about responsible investing, as well as environmental, social and governance issues – but what exactly does it all mean?
How we make investment decisions
In order to grow your pot, there are a number of decisions we have to make when it comes to investing your money.