Royal London profits surge double digits as pensions grow Markets Royal London's operating profit before tax increased by 13 per cent for H1 2024, as the insurer credits its focus on long-term strategy to have increased its profits.
Royal London plots bulk annuities push as profits rise Insurance Life insurer Royal London said it was looking to push further into the booming bulk purchase annuities market today as it posted a 19 per cent rise in profits for the year.
British Land and Royal London ink joint venture for former Meta HQ in Euston PROPERTY Facebook owner Meta exited its corporate lease in the building in September last year.
Royal London to grant £3m to British and Irish Lions teams ahead of women’s tour April 16, 2024 Royal London has announced a £3m ‘Levelling the Playing Field’ fund that will aid the British and Irish Lions in investing in elite women’s player and coach pathways. The deal comes ahead of the first ever Women’s Lions tour to New Zealand, which is scheduled for 2027. The grant will support all four unions despite [...]
Royal London snaps up Aegon’s protection business, adding 400,000 customers to its books April 4, 2023 Royal London, one of the UK’s largest life, pensions, and investment mutuals, has snapped up Aegon UK’s individual protection business. The acquisition, which is subject to court approval, will see the transfer of 400,000 customers’ life insurance, critical illness and income protection to Royal London. Barry O’Dwyer, group chief executive of Royal London said: “We [...]
Royal London: Insurer’s profits up 58 per cent as asset troubles offset by pensions growth March 8, 2023 Royal London today said it successfully boosted its profits by 58 per cent in 2022 in the face of “difficult market conditions”. The insurer saw its operating profits jump to £210m as the adverse impacts on its asset management arm were offset by strong performances across the rest of its business. Royal London, the UK’s [...]
Second chance at LV= for Royal London February 7, 2022 Royal London is engaged in talks with LV= which could see the two companies merge to become a UK insurance heavyweight.
Merger talks between LV= and Royal London break down February 9, 2022 Relations between LV= and rival mutual Royal London have taken another dramatic turn with the companies confirming the collapse of merger talks. LV= said the marriage would not be in the “best interests” of its members while Royal London suggested it was misled into thinking its rival did not have a viable future as an [...]
Royal London and Phoenix Group review Russian investments as firms scramble to divest March 3, 2022 Royal London and Phoenix are among the latest pensions giants to announce they are reviewing their Russian investments as firms scramble to sever ties with Russia following tightened sanctions this week.
LV= seeks to reassure members after Royal London merger talks collapse February 13, 2022 Mutual insurer LV= has told members it was wrong to say that it could not survive without being taken over by Bain Capital, after plans for its merger with Royal London collapsed last week. In a letter to LV=’s 1.1m members, the firm said LV=’s Board no longer believes that merging with another mutual insurer [...]