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Royal London issues message of reassurance

Royal London chief executive Mike Yardley has written to IFAs to say on the basis of work already carried out he has no reason to believe any of the problems identified in respect of Standard Life will impact on Royal London.

Subsidiary Scottish Life is also produced a detailed background guide to financial strength, itemising the individual factors on which mutuals and plcs are judged.

Yardley says: “I am pleased to assure you that Royal London has had routine discussions with the FSA over the past few months in connection with the development of our own realistic balance sheet. On the basis of the work already carried out, there is no reason to believe that any of the problems identified in respect of Standard Life will impact on Royal London.”

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