A difference that counts
All financial organisations fall into two main groups: public limited companies (PLCs) and ‘mutuals’.
The difference between the two is that, whereas a PLC is owned by and answerable to external shareholders, mutual organisations such as Royal London are owned by their members.
This means that mutuals have no shareholders to pay, who may seek short-term profits and influence our investment decisions. Instead, the Royal London Group makes its decisions based on the benefits to our customers – and that’s a difference that matters.
So they can ensure that their profits are only distributed amongst their members, or reinvested to give better returns, better value and higher levels of service. Royal London is totally committed to mutuality and looking after the interests of our members and customers.