Lloyds Banking Group managing director Phil Loney has been appointed group chief executive of Royal London.
Total life and pensions new business across Royal London increased 26% to £2.3bn in the nine months to the end of September.
Royal London Group lost £2m in the first half of 2010, compared with an £18m profit last year.
Scottish Life, the pensions division of Royal London, has seen new business increase by 62% to £1.1bn in the six months ending June 30.
Even more industry figures have backed the call for the new coalition government to form a steering group to set out the terms for a permanent pensions commission.