Adviser > News > July 2010 > Positive S&P outlook provides reassurance for you and your clients
Positive S&P outlook provides reassurance for you and your clients
Royal London’s Standard & Poor’s rating has been improved
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We’re delighted to announce that our parent company, Royal London, has had its Standard & Poor’s rating improved.
Global ratings agency, Standard & Poor’s (S&P), has reaffirmed Royal London’s rating as A- (strong) and raised the outlook to ‘positive’ (previously ‘stable’), demonstrating our growing strength within a challenging marketplace.
Why we’re getting stronger
S&P confirmed that Royal London’s track record for strong execution of its strategy to revitalise business operations is the main contributor for the improved rating.
We’ve also remained financially strong by:
- Focusing our strategy on specialist businesses in core markets
- Championing our mutuality by focusing on taking the long-term view as we're not under pressure from shareholders to focus on quick returns
- Cutting costs while significantly improving the quality of our service
- Staying faithful to our adviser remuneration strategy, Financial Adviser’s Fee, which focuses on long-term profitability, not quick wins.
What financial strength means for you and your clients
- You can confidently recommend us to your clients.
- Reassurance that we’re here for the long term.
- We’re providing quality sustainable products
- The improved quality of our service makes it easier for you to do business with us.
We’re proud of our achievements
Commenting on S&P’s announcement, Group Chief Executive of Royal London, Mike Yardley, said:
“Given the ongoing turbulence in the life and pensions sector, the improvement in S&P’s outlook for Royal London to 'positive' is a strong endorsement of what we have to offer to our distribution partners and their clients as well as to our members.”
If you'd like to find out more about Royal London’s financial ratings, contact your usual Scottish Life consultant.
Source:
Standard & Poor’s, July 2010
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