Royal London profits up as new pension business grows

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Royal London went into the black in 2009, with the group boosted by pensions sales and a strong take-up of its Ascentric wrap.

Profit after tax (EEV basis) was £404m for last year compared to a loss of £762m in 2008 although operating profit was down at £171m compared to £213m in 2008. The group's profit from new life, ...

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