Royal London sees 67% rise in drawdown sales

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Royal London's new life and pensions business grew by 40% last year as the firm benefited from changes arising from the April pension freedoms.

According to the company's results for the year ending 31 December 2015, new drawdown sales reached £1.3bn, an increase of 67% from the previous year. Its group pensions business generated £2.8b...

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