Royal London CEO Phil Loney to step down

Phil Loney has decided to stand down from his post as Royal London CEO by the end of 2019, in order to pursue charitable interests in the international development sector and supporting people with learning difficulties. Loney has overseen 154% of growth for Royal London since he started in 2011, from £46bn assets under management to £117bn at the end of June 2018. Total life and pension new business sales have quadrupled at the mutual during this time, from under £3bn in 2011 to over £12bn in 2017. "On behalf of the board I would like to thank Phil for his dedication to and success i...