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Royal London Administration Services
Royal London Administration Services looks after the insurance, investments,savings plans and pensions of more than two million customers.
These include the majority of Royal London members as well as customers of Refuge Assurance and United Friendly, which became part the Royal London Group in 2000.
Key Products:
- With-profits bonds
- With-profits savings
- Individual Life Protection
- Home and Car Insurance
- Funeral plans
Highlights from 2007:
- New business, principally pension rebates, down 14% on like-for-like* basis at £150m
- Launch of a new with-profits bond in partnership with Scottish Friendly
- Implementation of a new direct service model
* Excludes annuity business transferred to Prudential (2006 £74m)