Royal London has announced the results of its end 2003 valuations and as predicted the new “realistic balance sheet” confirms Royal London’s financial strength. The realistic valuation demonstrates an excess of assets over liabilities of almost 1 billion and a risk capital margin cover of 5.6 times.
“We’re satisfied the new methodology confirms the financial strength RLG and its main IFA businesses, Scottish Life and Bright Grey,” says Mike Yardley, Group Chief Executive. “The Realistic Balance Sheet is an improvement on previous methods of measuring financial strength, the results of which could easily be misunderstood or mis-represented. There should be fewer doubts about the strength of life companies in future, which is something everyone should welcome.”