ICMIF member Royal London (UK) has committed to actions which it says will help protect customers’ standard of living and not just focus on product outcomes.
Barry O’Dwyer, Group Chief Executive said: “Our population is living longer and, unlike previous generations, we must take responsibility for funding our later lives ourselves. This coincides with a climate crisis that is damaging the world into which we will all retire. In combination, these ultimately put the standard of living we have come to expect in jeopardy.”