Royal London to offer customers 'actuarially fair' GAR swap

James Phillips
clock • 2 min read

Royal London has announced plans to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot, subject to High Court approval.

The provider said it wants to offer an "actuarially fair exchange" for GARs in a bid to stop policyholders from "throwing away" the value of these guarantees. Around three in five GAR policyhold...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Industry

Trustees urged to understand how covenant risks can interact with funding risks

Trustees urged to understand how covenant risks can interact with funding risks

LCP says trustees must understand several pressures will interact at different speeds

Holly Roach
clock 13 October 2026 • 2 min read
Equitable pension provisions fail to close gender pensions gap

Equitable pension provisions fail to close gender pensions gap

There is a ‘void’ between employer confidence and how the issue is being addressed

Jonathan Stapleton
clock 13 October 2026 • 3 min read
Buzz: Have you considered consolidating into a superfund?

Buzz: Have you considered consolidating into a superfund?

Superfunds, CDC scheme for public sector workers and sponsor swaps

Professional Pensions
clock 13 October 2026 • 1 min read
Trustpilot