Royal London adds online trusts to personal menu plans

To improve customer outcomes

Jaskeet Briah
clock • 1 min read

Royal London has extended its online, signature free trusts process to its personal menu plans in order to make online application processes “easier and more efficient”.

Advisers can write plans under trust as part of online applications, and selecting trusts for clients can now be done digitally for business plans, relevant life plans and personal menu plans. This dispenses the need for an electronic or wet signature from clients or nominated trustees, Royal London said. The decision comes as promoting trusts and online beneficiary nomination helps to improve customer outcomes, the mutual insurer added. Improving digital services is a "key focus" for Royal London in order to help advisers streamline processes for their clients, commented Jennifer Gil...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

LifeSearch partners with Yorkshire Building Society

LifeSearch partners with Yorkshire Building Society

No commission to be made for referrals

Jaskeet Briah
clock 13 January 2025 • 2 min read
Claims and Underwriting: Claiming after an induced coma

Claims and Underwriting: Claiming after an induced coma

"Chasing the wrong definition"

Jaskeet Briah
clock 09 January 2025 • 6 min read
Third of young adults turn to influencers for financial education

Third of young adults turn to influencers for financial education

Young adults "unprepared for common financial situations”

Jaskeet Briah
clock 08 January 2025 • 2 min read