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Royal London to distribute £181M to 2.3M customers in April, marking a rise from last year’s £163M payout.
Royal London, a UK pension and insurance company, will distribute £181 million to 2.3 million customers in April, up from £163 million last year.
The increase follows a 10% rise in the company's operating pre-tax profit to £277 million.
Despite growth in workplace pensions, the company noted more customers are withdrawing from their pension pots due to cost-of-living pressures and concerns over potential changes to tax-free cash access.
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Royal London distribuirá £181M a 2.3M clientes en abril, lo que marca un aumento con respecto al pago de £163M del año pasado.