Royal London has acquired fintech firm Wealth Wizards from Liverpool Victoria for an undisclosed sum.

Royal London paid out £13.1m in Covid-19 claims in 2020 to a total of more than 2,100 customers.

Royal London has launched its Investment Pathways to help non-advised customers move some or all of their pensions into income drawdown. 

Julie Scott, chief executive of Standard Life Aberdeen’s Financial Planning arm 1825 for the past four years, is leaving for a new role as chief customer officer at Royal London.