Employer > About Us > Introducing Scottish Life
Introducing Scottish Life
We have a proud history
of innovation
in the field of pensions.
Royal London at a glance
- 16,000 pension schemes managed 1
- 3.5 million customers 1
- £34.5 billion under management 2
- 2,900 employees 1
We have a proud history of innovation in the field of pensions. In 2001, Scottish Life joined the Royal London Group, the UK's largest mutual life assurance company. Royal London is an ideal parent, perhaps most importantly because it underpins our business with great financial strength.
As part of Royal London, we have more than sufficient financial strength to reassure you and your employees that their pension is in good hands. But don't just take our word for it, we've been given the following ratings by key independent agencies:
| Company | Ratings | Definition of Ratings |
|---|---|---|
| Fitch Ratings | A (October 2007) | Strong credit rating |
| AKG Actuaries & Consultancies | B+ (September 2008) | Very good financial strength |
| Moody's | A2 (July 2008) | Very healthy solvency position |
| Standard & Poor's* | A- (June 2008) | Strong financial security |
*Counterparty Credit Rating (CCR)
Why mutuality is important
Being mutual puts us firmly in control of our own destiny. This is important when we're setting up long-term services for long-term clients.
Royal London has the structure and reporting systems of a plc without all the cost. There's no 10% dividend to shareholders so our operating expenses are lower and we can focus on being a well-run business that provides real value for all our customers.
We don't have a large, anonymous overseas parent so which should help to assure you that Royal London is here for the long term.
- As at 31 December 2007
- As at 30 September 2008
