Welcome to Royal London
Founded in 1861, we’re the UK’s largest mutual life, pensions and investment company. Our excellent customer service and our mutuality means we can give customers that little bit more, and you can trust us to be there for you when it counts.
Table of Contents
Why are Royal London contacting me?
Reconnecting with a policy. By reviewing our customer records regularly, we sometimes find that we owe our customers money. If we do owe you money, we’ll get in touch with you to help you reconnect with your policy.
Is Royal London part of LV?
On 10th December 2021, Royal London issued a statement outlining our belief that we could offer an attractive future for the members of LV= as part of a growing and well-capitalised mutual.
Are Royal London a good company?
A great place to work
Being a mutual, Royal London is different. It has no shareholders, the customers and employees are part of the mutual, so spending money is like spending your own money. Its a great place to work if you like financial services without the shareholder pressures.
How long does Royal London take to pay out?
How long does it take for the money to be paid out? As soon as the claim’s been verified and we have all the paperwork we’ve asked for, we make the payment and funds usually clear in 3-5 working days.
Is Royal London still in business?
In the UK, Royal London provides a range of pension and protection products to customers and employers primarily through independent financial advisers. We have a long-standing reputation for delivering value-for-money pension products, backed by outstanding customer service.
How many members does Royal London have?
Today, Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £130 billion, 8.8 million policies in force and 4,046 employees.
Who is the CEO of Royal London?
Today, Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £130 billion, 8.8 million policies in force and 4,046 employees.
Can you withdraw your pension?
You can take money from your pension pot as and when you need it until it runs out. It’s up to you how much you take and when you take it. Each time you take a lump sum of money, 25% is tax-free. The rest is added to your other income and is taxable.
How do I check my Royal London policy?
Check out our mobile app. If you’ve taken out a pension plan with Royal London since 2004 or previously with Scottish Life, you can download our mobile app to view your pension plan whenever you like. For full details on eligibility and more about the app visit our mobile app page.
Can I withdraw my Royal London pension early?
Can I cash my plan in early? Your pension savings are locked in until you reach age 55. This will increase to age 57 in 2028. It may be possible for you to start taking your pension savings before age 55 if your health means you can no longer carry on working.
What is happening with LV takeover?
9 February 2022. LV= entered into merger discussions with Royal London at the start of the year. However, it has become clear to LV= that our different mutual models mean such a merger would not be in the best interests of LV= members. As a result, talks between the two companies have now ceased.
Who are LV regulated by?
There are two financial services regulators; the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). To find out how we’re regulated visit our about us page.
Is LV still a mutual?
Because we’re a mutual we’re owned by our members. We help people protect their income while they are working and maximise it when they stop. Our 1.16m members hold a variety of products with us including life insurance, income protection, investments and retirement income solutions.
What is the best pension company?
Is Royal London a good investment?
Royal London’s range of unit trust funds are highly regarded by investors and advisers as some of the best funds on the market. Indeed, our analysis identified that an impressive 26.1% of these funds have consistently outperformed the majority of their peers over the periods analysed.
Are Royal London Pensions any good?
Royal London is by far the most popular pension provider among financial advisers, a new report by research firm Defaqto has found. The mutual came top in both the number of advisers that use its products, and the number who class it as their preferred provider.
Can I withdraw all my pension at 55?
If you have a defined contribution pension, you’ll have built up a pot of money which, from the age of 55, you can use to withdraw from as you want. This includes the option of taking the whole amount as a single lump sum.
Reference:
- https://www.royallondon.com/
- https://www.royallondon.com/about-us/how-we-are-run/mutuality/
- https://www.royallondon.com/existing-customers/contact-us/have-you-been-contacted-by-royal-london/
- https://www.royallondon.com/about-us/media/media-centre/press-releases/press-releases-2022/february/royal-london-confirms-merger-discussions-with-lv-have-ceased/
- https://uk.indeed.com/cmp/Royal-London-Group/reviews
- https://www.royallondon.com/existing-customers/help-and-support/make-a-claim/life-cover-diabetes-life-cover-critical-illness-or-income-protection/
- https://www.royallondon.com/about-us/how-we-are-run/businesses/
- https://www.royallondon.com/about-us/how-we-are-run/our-history/
- https://www.moneyhelper.org.uk/en/pensions-and-retirement/taking-your-pension/taking-your-pension-as-a-number-of-lump-sums
- https://www.royallondon.com/existing-customers/online-service/
- https://www.royallondon.com/articles-guides/pensions-and-retirement/your-pension-questions-answered/
- https://www.lv.com/today/news
- https://www.lv.com/car-insurance/who-are-the-car-insurance-regulators
- https://www.lv.com/members
- https://www.thetimes.co.uk/money-mentor/article/best-ready-made-personal-pension/
- https://www.yodelar.com/insights/royal-london-review-2019
- https://www.ftadviser.com/pensions/2017/03/27/royal-london-named-advisers-favourite-provider/
- https://www.moneyhelper.org.uk/en/pensions-and-retirement/taking-your-pension/taking-your-whole-pension-in-one-go
