Royal London group chief executive Phil Loney has announced he is stepping down after seven years at the end of 2019, the same day as the firm announced Kevin Parry as its new chairman.
Loney has worked at RLAM since 2011 and will step down at the end of 2019 in order to focus on his charitable interests. During his time in the role, Loney has led the transformation of the firm from a collection of brands into a strong, single brand. Assets have grown 154% from £46bn in 2011 to £117bn in June 2018 while total life and pension new business sales have quadrupled from under £3bn in 2011 to over £12bn in 2017. RLAM inflows up over 20% Rupert Pennant-Rea, chairman of Royal London, said: "On behalf of the board I would like to thank Phil for his dedication to and succ...
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