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Royal London agrees four-year cricket sponsorship deal

Royal London has announced a four-year deal with the England & Wales Cricket Board to sponsor one-day international cricket.

The deal, which starts next year, will include the Royal London men’s and women’s one-day internationals, the Royal London one-day country cup, the Royal London national club championship and the Royal London junior county cup.

Royal London group chief executive Phil Loney says: “Cricket is a very British sport, we are a very British company and we are pleased to be working in partnership with the ECB to help them develop one-day cricket at an international and domestic level.”

The firm announced plans last month to scrap the Scottish Life, Bright Grey and Scottish Provident brands. All will come under the Royal London name over the next two years.

Ascentric, the platform owned by Royal London, will retain its existing branding.

Philip J Milton & Company managing director Philip Milton says: “It is sad sometimes when names disappear and all that marketing value is lost forever. Sometimes companies do not recognise the value of a brand. But in this case it will not have a big impact as not all brands were acquired from a position of strength.”



Govt says Help to Buy 2 has seen £365m of mortgage applications

Prime Minister David Cameron says £365m worth of mortgage applications are being processed under the second part of Help to Buy scheme in its first four weeks.  Writing in the Sun newspaper today, Cameron says 2,000 people have been accepted in principle to use the scheme and put in offers. He also claims Help to […]


Aegon increases charges on 82 funds

Aegon UK is increasing charges on certain insured funds by up to 15 basis points on its Aegon Retirement Choices platform and its One Retirement proposition. With effect from mid-December, the charges are increasing by between 0.05 per cent and 0.15 per cent on 82 of the 302 insured funds available on ARC, affecting around 27 per cent […]


Aegon earnings boosted by positive markets

Aegon UK saw a 15 per cent increase in underlying earnings before tax for Q3 from £20m to £23m, as the firm was boosted by positive equity markets.  Aegon’s life business fell 11 per cent from £19m in Q3 2012 to £17m, while pensions earnings grew three-fold from £2m to £6m. The results for distribution arm […]


KRS ditches ‘free of charge’ non-advised claim

Non-advised annuity broker Key Retirement Solutions has changed the way it describes its charges following accusations it was “misleading” customers. Last week, Money Marketing reported adviser concern about KRS’ claim that its service is “completely free of charge”. In a section on the firm’s website setting out frequently asked questions, KRS asked: “How much will [the […]

Simon Fletcher

Auto-enrolment: pay attention or pay the price

By Simon Fletcher

As a chief executive officer of a business in the financial services sector, I have been dealing with the introduction of auto-enrolment for our clients for some time, but I can also speak from an employer’s point of view, having to go through the process ourselves.


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