Royal London pension business boosted by AE and drawdown surge
Royal London new life and pensions business was up 18% to £989m in the first quarter of the year, with group pensions benefitting significantly from auto-enrolment.
The mutual said group pensions sales were up 65% to £443m, individual pensions were up just 1% to £282m and drawdown was up 29% to £146m. The company said annuity sales had dropped 3% but this was offset...
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