The insurer said that the lockdown had created difficult trading conditions and caused individuals to delay investment decisionsRoyal London, the UK’s largest mutually owned insurer, fell to a £181 million loss in the first half of the year as it was hit by lower returns and a drop in sales during lockdown. The drop was a result of “difficult trading conditions experienced during lockdown . as companies deferred decisions to move pension scheme providers and individuals delayed investment decisions”. The slowdown was partly caused by financial advisers being unable to carry out business as normal, Royal London said. The insurer reported a pre-tax loss of £181 million, compared with

Source: The Times August 10, 2020 11:03 UTC