Royal London sees continued fall in pensions sales

Workplace new business premiums remain 25% down from their pre-pandemic levels

James Phillips
clock • 1 min read
Royal London group chief executive Barry O'Dwyer
Image:

Royal London group chief executive Barry O'Dwyer

Royal London pensions new business sales remain below their pre-pandemic levels despite a surge in profit across the business.

According to the firm's half-year results, published today (5 August), the present value of new business premiums within individual and workplace pensions for the first half of 2021 fell by 7% to £...

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

Private pension saving could be discouraged by housing benefit system, PPI warns

Private pension saving could be discouraged by housing benefit system, PPI warns

Research finds every £1 of private pension income reduces housing benefit entitlement by 65p

Martin Richmond
clock 29 July 2026 • 4 min read
DC market enters 'new era' as member outcomes increasingly important

DC market enters 'new era' as member outcomes increasingly important

Hymans report states the ‘unifying challenge’ facing the industry is pension adequacy

Holly Roach
clock 29 July 2026 • 4 min read
SPP issues AI governance framework for pension schemes

SPP issues AI governance framework for pension schemes

Trustees should update existing policies to reflect ‘everyday reality’ of operations

Alex Levy
clock 29 July 2026 • 3 min read
Trustpilot