Pensions - Articles - Royal London appoints a customer to its IGC


Royal London is the first provider to appoint a customer to its Independent Governance Committee (IGC). The appointment of Myles Edwards, which is effective from 1 November 2016, is a market leading initiative meeting one of the Regulator’s key requirements for IGCs, to act in the interests of workplace pension customers to assess the ongoing value for money offered by workplace pensions.

 Mr Edwards is a Royal London pension policyholder and brings a wealth of experience in understanding customer relationships. Mr Edwards is currently employed in a product development and marketing role at Foresters Friendly Society. Prior to this, he held an executive director position at Age UK Enterprises (an FCA regulated subsidiary of the charity) where he was responsible for building relationships with various financial services partners and their customers.

 Mr Edwards’ customer service background and experience as a Royal London customer make him ideally placed to assist the Committee, and in particular, to understand customers’ expectations.

 The Independent Chair of the Royal London IGC, Phil Green, said: “The IGC achieved a lot in its first year, working collaboratively with Royal London to understand the products and services that they offer to their existing and future workplace pension customers. This resulted in a number of improvements benefitting over 27,000 customers at a cost of over £15 million. However, in our second year we wanted to do more work to understand the Voice of the Customer, and we see the appointment of a Royal London customer to the Committee as a key part of this achieving this.”

 Isobel Langton CEO of Royal London’s Intermediary business and board member of the Royal London IGC said: “We were impressed with the quality of applications from Royal London customers. We feel confident that Myles’ experience and expertise will ensure that the perspective of workplace pensions customers is fully represented in the future work of the IGC.”

 Myles Edwards, commenting on his appointment, said: “As the largest life, pensions and investment mutual, I was very impressed that Royal London and its IGC have gone the extra mile by appointing a customer onto the Committee. This will ensure that the customer perspective is fully taken into account in assessing the value for money of workplace pensions for Royal London customers.

 “I am delighted to have been appointed and look forward to using my experience and insight to ensure customers’ interests are fairly represented.”

 Details of Royal London’s IGC first Report may be found online at here

Back to Index


Similar News to this Story

Auto enrolment nets 800K more savers but challenges remain
89% of eligible employees were participating in a workplace pension in 2024. 21.7 million are saving into a workplace pension - more than double the 1
2025 to 2026 PPF levy invoicing on hold
We’re informing our levy payers that we’re putting the 2025/26 PPF levy invoicing on hold and expect to provide a further update this Autumn. The emai
Rethinking pension adequacy through a global lens
Festina Finance is urging UK policymakers to rethink what ‘pension adequacy’ really means, and to look to other countries for tried and tested solutio

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.