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
- 3.4 million customers 2
- £39.1 billion under management 2
- 2,890 employees 2
We are backed by the financial strength and stability that comes from being part of the Royal London Group, the UK's largest mutual life and pensions company. Our aim is to become the UK's leading customer-owned financial services organisation.
We share Royal London's guiding principle - an unwavering commitment to 'financial sense'.
As part of the Royal London Group, we're pleased to reassure you and your employees that our financial strength is continuing to grow ever stronger, despite the tough market conditions. But don't just take our word for it, we've been given the following ratings by key independent agencies:
| Company | Ratings | Description |
|---|---|---|
| Standard & Poor's* | A- (July 2010) | Strong management and capitalisation with positive outlook |
| AKG Actuaries & Consultancy Ltd | B+ (September 2009) | Very strong |
| Moody's | A2 (April 2009) | Strong capitalisation with stable outlook |
*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, which should help to assure you that Royal London is here for the long term.
- As at 30 November 2009
- As at 30 June 2010
