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Royal London benefits from pay growth delivering boost to pensions

The company, which offers life insurance, pensions and retirement planning, said it would be distributing £181 million to eligible customers.



Royal London, a mutual organization, is distributing £181 million to customers, an increase from last year's £163 million. The company has seen a 39% rise in workplace pension transfers. Factors contributing to this growth include pay rises, a high employment rate, and concerns about pension changes ahead of the Budget.

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