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Royal London

Royal London - Anyone have any experience with this company thinking about transferring my pension into them?

Thank you in advance

Comments

  • SeniorSam
    SeniorSam Posts: 1,674 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I had royal London, but moved away and put my pensions into HL with a SIPP and can control it much easier on line.
    I'm a retired IFA who specialised for many years in Inheritance Tax, Wills and Trusts. I cannot offer advice now, but my comments here and on Legal Beagles as Sam101 are just meant to be helpful. Do ask questions from the Members who are here to help.
  • dunstonh
    dunstonh Posts: 121,124 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Royal London - Anyone have any experience with this company thinking about transferring my pension into them?

    Yes I do. A good quality personal pension. Can be cheaper with HL and they do a good job on the fund governance. Their service has gone a bit poor recently. May be a temporary blip as historically it used to be very good. They are expanding staff numbers and office space.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • MARTYM8`
    MARTYM8` Posts: 1,212 Forumite
    Eighth Anniversary 1,000 Posts
    They are a solid company - but in my experience for lots of their customers their online servicing is lacking.

    I have an old stakeholder - not much in it - which was transferred over from to RL from Royal Liver. It is impossible to view it online - unlike my policy with say Standard Life which has an excellent system.

    I think its partly they have taken over so many other firms you can rarely find anything useful on their website - as they have different websites depending on which branch (or former company) you took the policy out with.

    Not putting you off - but if you like to be able to view your pension online not great in my experience.
  • dunstonh
    dunstonh Posts: 121,124 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I have an old stakeholder - not much in it - which was transferred over from to RL from Royal Liver. It is impossible to view it online - unlike my policy with say Standard Life which has an excellent system.

    You have a legacy plan. Std Life have lots of legacy plans too that cannot be viewed online. Legacy plans across most providers cannot be viewed online.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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