Royal London: Expanding Services and Innovation Mark Strong Performance in 2025

Leading the UK’s Mutual Insurance Sector

Royal London maintains its position as the UK’s largest mutual life, pensions and investment company, with impressive assets under management of £181bn, serving 8.6 million policies and employing over 4,800 people.

Recent Developments and Achievements

The company has recently announced significant enhancements to its Principal equity release product, demonstrating its commitment to long-term value and customer flexibility. The updates include a new drawdown facility and a reduced early repayment charge period from ten to seven years.

In their latest financial performance, Royal London paid out £751 million to over 65,000 claimants across the UK and Ireland, maintaining a high claims payment rate of 98.7%. The company has shown particularly strong growth in Ireland, with a 29% increase in sales across its protection and pensions portfolio, reaching £297m.

Leadership Changes and Corporate Governance

The company is undergoing strategic board changes, with Tim Tookey stepping down from the Royal London Board after the Annual General Meeting on 3 June 2025. Gregor Stewart has joined as a new non-executive director and will become Chair of the Audit Committee, subject to regulatory approval.

Future Outlook and Initiatives

Royal London is actively pursuing future-focused initiatives, including implementing a Climate Transition Plan for a low-carbon future. The company has successfully connected to the Pensions Dashboards Programme Ecosystem and is expanding through strategic acquisitions, including an agreement to acquire Dalmore Capital, a UK-based infrastructure asset manager.

As a modern mutual, Royal London continues to take a long-term view, focusing on delivering positive, enduring change for its members and customers while working to protect living standards for current and future generations.