Royal London

Former pensions minister Steve Webb has joined Royal London as director of policy and external communications.

Former pensions minister Steve Webb is on the verge of joining Royal London, a company which last year criticised his charge cap policy as "headline-grabbing", according to reports.

David Gulland and Peter Dorward have been appointed to Royal London's Independent Governance Committee (IGC).

Philip Green has been appointed chairman of Royal London's independent governance committee (IGC).

George Osborne's pensions freedom package, due to come into force in April, is at risk of becoming an "infamous example of political bungling" unless advice concerns are addressed, Phil Loney has said.

The government has laid draft regulations before parliament to introduce a charge cap on defined contribution (DC) default funds alongside a raft of additional governance requirements for trustees.

The government has grossly underestimated the impact on providers of the pension charge cap by about £800m, says Royal London.

Royal London has agreed a longevity swap with RGA International to cover the risk associated with £1bn of pension liabilities.

The promise of guidance at retirement "does not go far enough" and a new form of retirement-focused advice must be created by the regulator, according to Royal London.

Royal London new life and pensions business was up 18% to £989m in the first quarter of the year, with group pensions benefitting significantly from auto-enrolment.