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

Hymans Robertson sets out 2026 hopes for the pensions industry

Hymans Robertson sets out 2026 hopes for the pensions industry

Consultancy says insurance, decumulation and DEI will see changes

Jasmine Urquhart
clock 11 December 2025 • 4 min read
Professional Pensions Live 2026: Register now!

Professional Pensions Live 2026: Register now!

Our flagship event is returning next year on 19 May at Convene, 155 Bishopsgate in London

Professional Pensions
clock 11 December 2025 • 1 min read
Ian Cornelius: Working towards building financial peace of mind for all

Ian Cornelius: Working towards building financial peace of mind for all

Nest CEO speaks to PP about corporate strategy, pensions reforms and improving member outcomes

Martin Richmond
clock 11 December 2025 • 9 min read
Trustpilot