Royal London pension sales feel Covid bite

Hope William-Smith
clock • 1 min read

Life and pensions new business sales at Royal London were 20% lower in 2020 due to the impact of national lockdowns on the UK economy.

The group's 2020 full-year results - published today (5 March) - show pension sales fell significantly over the course of 2020, with present value of new business premiums (PVNBP) reducing by 24% t...

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

More on Industry

IFoA makes series of recommendations to boost outcomes and create 'inclusive' pension system

IFoA makes series of recommendations to boost outcomes and create 'inclusive' pension system

The organisation said ‘persistent’ pension gaps need to be closed

Holly Roach
clock 16 September 2025 • 4 min read
Industry welcomes Pensions UK's small pots consolidation feasibility review

Industry welcomes Pensions UK's small pots consolidation feasibility review

Industry says report is ‘important step forward’ to address proliferation of small pots

Martin Richmond
clock 16 September 2025 • 3 min read
Pension withdrawals surge 36% as record £70.9bn accessed in 2024/25, FCA finds

Pension withdrawals surge 36% as record £70.9bn accessed in 2024/25, FCA finds

Nearly one million pension plans were accessed for the first time during the year

Sahar Nazir
clock 16 September 2025 • 2 min read
Trustpilot