If you’re considering investing your money in Royal London, a UK-based mutual life insurance and pensions company, you may be wondering if it’s a legitimate business. The short answer is yes – Royal London is indeed a real company with a long history of serving its customers.
Royal London was founded in 1861 as the Royal London Mutual Life Assurance Society and has since grown to become one of the largest life insurance providers in the UK. Today, it has over 5 million customers and manages assets worth more than £148 billion.
The History of Royal London
Royal London has a rich history dating back over 150 years. In the early days, it was founded to provide life insurance coverage for working-class people who couldn’t afford the high premiums charged by other insurers. Over time, the company expanded its offerings to include pensions and investment products as well.
In 1908, Royal London made history by becoming the first insurer to offer life insurance policies to women on an equal basis with men. This was a groundbreaking move at the time, as many other insurers refused to offer coverage to women at all or charged them higher premiums.
During World War II, Royal London played an important role by providing financial support to families whose loved ones were serving overseas. The company also helped rebuild communities affected by bombing raids and other wartime damage.
Throughout its history, Royal London has remained committed to its core values of fairness, honesty, and transparency. These values continue to guide the company today as it strives to provide its customers with high-quality products and services that meet their changing needs.
The Products Offered by Royal London
Royal London offers a range of products designed to help individuals and families plan for their financial futures. These include:
- Life insurance policies
- Pensions (including personal pensions and workplace pensions)
- Investment products (including stocks and shares ISAs)
- Protection products (such as critical illness cover and income protection insurance)
Why Choose Royal London?
If you’re considering investing your money with Royal London, there are several reasons why it may be a good choice for you:
- Longevity: With over 150 years of experience in the industry, Royal London has a proven track record of providing reliable financial products and services.
- Financial Strength: Royal London is one of the largest life insurance providers in the UK and manages assets worth over £148 billion. This means that you can trust the company to handle your money responsibly.
- Commitment to Customers: Royal London is committed to treating its customers fairly and transparently. The company has won numerous awards for its customer service, including the Feefo Gold Trusted Service Award.
The Bottom Line
In conclusion, if you’re looking for a reputable company to help you plan for your financial future, Royal London may be an excellent choice. With its long history of serving customers and commitment to transparency and fairness, it’s a company that you can trust. So go ahead and invest with confidence!