Royal London

Preparing for later life

The FCA’s final FAMR report into the provision of financial advice recognises that financial advice is a lifelong need, with clients requiring different services at different stages of their lives.

The purpose of this Royal London sponsored information hub is to focus on the different stages of life and to help you work with your clients to identify what financial planning they require and when, including protection for the family if they are unable to continue to provide for them, or using their retirement savings sensibly and efficiently.

Pensions and ISAs: the perfect combination

The days of a pension being the only means of retirement planning are long gone, with the younger generation...

Millennials (1980s - 2000s)

Women and the state pension age

Women born in the 1950s must face the harsh reality that their state pension age is increasing, and despite a recent challenge...

Baby Boomers (1940s - 1965)

Never mind the costs and charges, it’s all about the farmers!

Let’s face it; MiFID II is never going to make the shortlist for ‘The Booker Prize’ is it? It’s a horribly complex read...

Millennials (1980s - 2000s)

Why support services can be more valuable than a pay-out

Support services available through protection plans can offer your clients something they might not expect and could help you build long-term...

Baby Boomers (1940s - 1965)

Sustainability matters

Millennials are known as ‘generation rent’, sometimes criticised for spending too much money on take away and avocados...

Millennials (1980s - 2000s)

Why annuities still have a place in retirement

Annuities continue to play an important role in retirement planning, especially when it comes to securing a guaranteed income in later life.

Generation X (1960s - 1985)

Children's pension

Many better-off clients are understandably focused on how they can maximise contributions into their own pension.

Millennials (1980s - 2000s)

Why mortgage clients need to consider income protection

When you hear the words ‘mortgage protection’ what do you instinctively think of?

Millennials (1980s - 2000s)

The increasing importance of business protection

There’s never been a more important time for business owners to consider buying business protection.

Millennials (1980s - 2000s)

Finances and finding ‘the one’ later in life

Royal London look at how a change in relationship status later in life can impact financial planning for your clients.

Generation X (1960s - 1985)

Navigating the taper

At the moment the talk of the pensions world is the complex tapered annual allowance which can leave higher earners with hefty tax bills.

Generation X (1960s - 1985)

How to advise your clients if the state pension goes up

An increase in the state pension age – as the one recently proposed which would see retirement set at 75 by 2035...

Baby Boomers (1940s - 1965)

The age of anxiety

How are protection providers meeting the mental health needs of millennial clients? Mark Taylor finds out.

Millennials (1980s - 2000s)

So what does Pensions Dashboard mean for advisers?

Nobody really doubts that Pensions Dashboard will be good for most consumers.

Generation X (1960s - 1985)

A good retirement

Everyone wants a comfortable retirement, but not everyone has planned for it. How can the baby boomers make the best of their twilight years...

Baby Boomers (1940s - 1965)

Better protection conversations

My career has taken an unusual path over the past 24 years having started out at a life office in direct sales...

Generation X (1960s - 1985)

The risk your clients face without income protection

Perhaps income protection and critical illness cover could be even more important than life insurance for your clients.

Generation X (1960s - 1985)

So what actually is the Pensions Dashboard?

In all the conversations about delays, regulation and consultation it’s easy to lose track of what the Pensions Dashboard project is going to ...

Millennials (1980s - 2000s)

Retiring in comfort

The average private pension wealth of Generation X is £70,400, but is this enough to ensure a comfortable retirement, asks Victoria Ticha?

Generation X (1960s - 1985)

Protection wants and needs

When it comes to choosing a protection provider, what does the Baby Boomer generation prioritise, asks Saloni Sardana?

Baby Boomers (1940s - 1965)

Protection with benefits

Protection providers are wooing Generation X customers with added benefits, but is it working, asks Damian Fantato?

Generation X (1960s - 1985)
cinema food

Automatic enrolment for the people

Auto-enrolment has started millennials on the pensions saving journey but the industry needs to do more to help them reach their destination...

Millennials (1980s - 2000s)
Casual young adults

How long does your client’s money need to last?

Helping your clients manage their money in retirement would be a lot easier if we, or they, knew how long they were likely to live.

Baby Boomers (1940s - 1965)
Two elder ladies with a ghetto blaster

Three new opportunities in the protection market

What’s the news in protection? On the surface you could be forgiven for thinking there isn’t anything new...

Millennials (1980s - 2000s)
Young boy copying palace guards

Prioritising protection

The type of life events that protection covers may not make for a cheery conversation, but advisers must review the protection needs...

Baby Boomers (1940s - 1965)

Bringing up baby

First-time parents often underestimate many costs so some careful financial planning is a good idea, writes Simoney Kyriakou

Generation X (1960s - 1985)

Is there a safe harbour in the triage storm?

Steve Webb looks at how advisers differ in their approach to pension transfer and whether there's a need for standardisation.

Baby Boomers (1940s - 1965)

Modern love

When two of my closest friends recently told me they were having a baby I was over the moon for them.

Millennials (1980s - 2000s)

Portable protection for Generation Rent

For many millennials, holiday and mobile phone insurance is more important than income protection and critical illness cover...

Millennials (1980s - 2000s)

The home of your dreams or a possible nightmare

Renovating a home could have an impact on your client’s savings and income.

Generation X (1960s - 1985)

Marketing to millennials

Millennials are a scary bunch aren’t they? They’re more demanding of businesses that they deal with, are less loyal to brands, and...

Millennials (1980s - 2000s)

Fit for work?

Self-employed workers may not believe they need protection but may leave themselves financially vulnerable...

Generation X (1960s - 1985)

Filling in the pensions gap

Women’s pension savings have fallen woefully behind men’s pension pots in terms of size. So how can women prepare themselves...

Baby Boomers (1940s - 1965)

Life is a fragile thing

The week before I started at Royal London didn’t quite go to plan - instead of preparing and calming my nerves, I was facing one of the worst weeks...

Millennials (1980s - 2000s)

Life with type 1 diabetes

I can still remember the day the doctor told me, “you’ve got type 1 diabetes and it’ll be with you for the rest of your life”.

Millennials (1980s - 2000s)

Don’t count on inheritance to fund retirement

Millennials may think they can rely on a substantial inheritance to fund their later years. But this could be risky

Millennials (1980s - 2000s)

A price worth paying

Protection is not high on clients’ list of priorities but it should be. The industry needs to work to raise awareness of the many benefits.

Generation X (1960s - 1985)

Reality check!

I’ve just recently returned to work following 11 months of maternity leave with my second child.

Millennials (1980s - 2000s)

It’s too late, mate!

Baby boomers might be labouring under a mistaken belief that insurance companies just aren’t interested in them. But they are wrong.

Baby Boomers (1940s - 1965)

How your advice can bridge the care gap

My mum recently had a spell in hospital. I won’t go into all the detail but the crux of it was she had a degenerative condition which affected...

Baby Boomers (1940s - 1965)

Young, footloose and cover-free

Young people are not immune to life’s twists and turns, so they need to make sure they have decent income protection, writes Ellie Duncan

Millennials (1980s - 2000s)

Help to buy - ISAs and LISAs

House prices continue to rise in many parts of the UK with cities like Manchester recording increases of 6.6% and higher in the last year, according to...

Millennials (1980s - 2000s)

Getting your house in order

How advisers can help older clients prepare themselves for retirement

Baby Boomers (1940s - 1965)

Government changes to auto enrolment

Proposals to change the way auto enrolment works have been published by the Department for Work and Pensions.

Baby Boomers (1940s - 1965)

Jam today, nothing tomorrow?

How to help the ‘sandwich generation’ – the Just About Managing middle aged – to make the most of their pension pots.

Generation X (1960s - 1985)

Is it time for the care pension?

Steve Webb offers a potential solution to the issue of funding long-term care, by asking whether it’s time for the ‘care pension’.

Millennials (1980s - 2000s)

Accidents will happen

Yesterday I witnessed an accident between a small family car and a huge lorry making deliveries in the city centre.

Generation X (1960s - 1985)

Ditch the jargon to close the pension gap

Getting young people thinking about long-term pension planning is a challenge especially where technical language is concerned.

Millennials (1980s - 2000s)

Something chronic

I’ve just returned from a mini-break in Tenerife. Twenty girls on a hen weekend, so you can imagine there was a fair bit of eating, drinking...

Generation X (1960s - 1985)

Life! It’s a risky business

There’s no avoiding the fact that life can be a risky business. You only have to tune into news reports to see how easily and unexpectedly...

Generation X (1960s - 1985)

Never too late

When it comes to pensions, we are told to start accumulating as early as possible. But what if life didn’t pan out like that for...

Baby Boomers (1940s - 1965)

If you insist...

We consider the progress of the FCA’s Advice Unit as well as the most recent proposed guidance on insistent clients.

Generation X (1960s - 1985)

Stumped by social media?

In an age of seemingly endless distractions getting the attention of your audience can seem daunting.

Millennials (1980s - 2000s)

Getting 35-55 year olds covered

The so-called squeezed middle need to consider various protection options, writes Ellie Duncan.

Generation X (1960s - 1985)

Jam today, jam tomorrow?

Millennials have to work longer and save harder if they are to have a financially secure retirement, Simoney Kyriakou reports.

Millennials (1980s - 2000s)

For Better or Worse, or to save IHT!

I recently got married, and my husband and I realised that as a result we should review our wills – not one of our most romantic moments...

Millennials (1980s - 2000s)

Thanks for asking!

A few months ago my brother casually dropped into conversation that he hoped it was ok that he’d put me down as the guardian of his...

Generation X (1960s - 1985)

Lifetime Allowance

Benefit crystallisation events and the lifetime allowance charge - all you need to know.

Baby Boomers (1940s - 1965)

Protection into pensionhood

It is never too late to buy protection to help you in later life. Ellie Duncan reports.

Baby Boomers (1940s - 1965)

Have we got our protection priorities all wrong?

At Royal London, we have a tool on our adviser website that shows the relative risks of death, critical illness, or being unable to work...

Millennials (1980s - 2000s)

Attitudes toward income protection

Royal London commissioned Opinium to run our State of the Protection Nation research to find out how people felt about their own protection…

Baby Boomers (1940s - 1965)

How to help the “lost generation” of pension savers

Getting the so-called Generation X to save more into their pensions, at a time when they might be most financially stretched, is a challenge.

Generation X (1960s - 1985)

A nudge in the right direction

The Retail Distribution Review (RDR) brought many benefits to the UK pension industry, but it also created an advice gap…

Generation X (1960s - 1985)

Employers fined for auto enrolment failings

The Pensions Regulator (TPR) has taken the step of naming and shaming employers who have been served County Court Judgments (CCJs)...

Millennials (1980s - 2000s)

Advice or Guidance? That is the question

The Retail Distribution Review (RDR) brought many benefits to the UK pension industry, but it also created an advice gap, resulting...

Millennials (1980s - 2000s)

Consumer attitudes to protection

Royal London commissioned Opinium to run our State of the Protection Nation research to find out how people felt about their own...

Generation X (1960s - 1985)

Has Britain really stopped saving?

Our latest policy paper reveals what the fall in the savings ratio does (and doesn’t) mean.

Generation X (1960s - 1985)

DB Transfer Showstoppers

Transfers from Defined Benefit (DB) schemes are a bit of a hot topic just now. In this article we look at a couple of factors that could prevent a transfer...

Baby Boomers (1940s - 1965)

Nudging their way to retirement

Rather than putting younger people off pension saving, an increase in auto-enrolment contributions appears to be encouraging a whole...

Millennials (1980s - 2000s)

Financial advice can benefit customers by £40,000

New research shows those customers who receive financial advice can be better off on average by £40,000.

Generation X (1960s - 1985)

Overseas transfer charge

Transfers to overseas pension schemes are not recognised transfers unless the transfer is to a Qualifying Recognised Overseas Pension Scheme.

Generation X (1960s - 1985)

A tailored approach to protection

In an ideal world clients would be able to afford as much protection cover as they wanted.

Millennials (1980s - 2000s)

Generation rent

What does it actually mean for consumers and advisers and has the face of the typical renter changed?

Millennials (1980s - 2000s)

The Lucky ones

Do you consider yourself lucky?

Baby Boomers (1940s - 1965)

It's a family affair

Family planning is not just about how to pay for 2.4 kids and a dog; it’s about creating sustainable wealth that can pass through the generations.

Generation X (1960s - 1985)

Never too late for protection

There are many reasons advisers should help older clients with insurance needs.

Baby Boomers (1940s - 1965)

Family income benefit – an affordable protection solution

We’re all familiar with one of the key barriers to people taking out protection – affordability.

Millennials (1980s - 2000s)

Defined benefit schemes part 2

A look at guidance available to pension transfer specialists (PTS).

Baby Boomers (1940s - 1965)

Reassuringly focused on claims

We’re sure you’ve heard your customers say ‘but insurance companies don’t pay claims’ when giving a reason for not wanting to take out protection.

(Millennials - Protection)

Workers are missing out

Three million workers missing out on £2 billion of 'buy-one, get-one free cash' from their employers.

(Generation X - Pensions)

Changes to capped drawdown tables

We look at the reasons and what the impact could be.

Baby Boomers (1940s - 1965)

Mothers missing out on millions

New HMRC figures show number of ‘mothers missing out on millions’ in pension rights has doubled in two years – Steve Webb

Generation X (1960s - 1985)

Pension over-taxing

800,000 people at risk of being over-taxed on their pensions – Steve Webb, Royal London Director of Policy writes

Baby Boomers (1940s - 1965)

A stitch in time

What do the changes to capped drawdown maximum income calculations mean for you?

Millennials (1980s - 2000s)

Life insurance is essential but…

…are protection products providing an adequate solution?

Millennials (1980s - 2000s)

Trusts are more versatile than you think

We want to make trusts as easy as possible for you.

(Generation X - Pensions)

Can you put a hat on?

You might think the question in the title is a strange one.

Millennials (1980s - 2000s)

Future gazing, present-day preparation

Millennials have enough to worry about instead of thinking about retirement. Simoney Kyriakou reports.

Millennials (1980s - 2000s)

Employer fined for failing to pay AE fines

Jamie Clark gives the lowdown on what happens when an employer fails to pay auto-enrolment fines.

(Generation X - Pensions)

Are you talking to clients about retirement planning?

More people are using income drawdown than ever before...

(baby boomers - pensions)

DB transfers – one more factor to consider

We look at how higher DB transfer values could cause a lifetime allowance issue and how that affects the advice process.

Baby Boomers (1940s - 1965)

Guarantees in the retirement income market

Do guarantees benefit customers and if so, when?

Baby Boomers (1940s - 1965)

Scheme pays explained

We've received lots of queries on scheme pays and when it can be used. This article explains how it works and the conditions which apply.

Baby Boomers (1940s - 1965)

Trusts. Easier than you think?

Less than 5% of our personal protection plans are written in trust.

Baby Boomers (1940s - 1965)

Creating opportunity out of change

The buy-to-let market has been the subject of a raft of tax changes all of which make it a less profitable and less appealing proposition for investors.

Generation X (1960s - 1985)

Life begins at…

Having reached a certain age, I’m having to come to terms with the fact that my peers and I aren’t as immune from illness or death as we’d like to think.

Generation X (1960s - 1985)

‘Nuclear Deterrent’ needed for employers with DB schemes

We take a look at the main findings into the collapse of BHS and the impact on its pension scheme, the Work and Pensions Select Committee.

Generation X (1960s - 1985)

Generation rent

What does generation rent actually mean for consumers and advisers and has the face of the typical renter changed?

Millennials (1980s - 2000s)

Keep calm and carry on?

It’s part of Britain's quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault.

Millennials (1980s - 2000s)