Royal London earns Fair Tax Mark

Royal London has been given the Fair Tax Mark by the Fair Tax Foundation, following assessment against the foundation’s global multinational business standards.

Anne Murphy, group tax director at Royal London, said: “Paying tax helps us contribute fairly to the communities in which our customers live and work. Achieving the Fair Tax Mark provides independent recognition of our transparent approach and our commitment to earning and maintaining trust.”

See also: Triodos Bank accredited with Fair Tax Mark

The widely recognised award provides independent validation of Royal London’s responsible conduct. The certification signifies a commitment to profit and taxation transparency, compliance with the letter and spirit of tax law, and rejection of arrangements designed to reduce tax liabilities.

Paul Monaghan, CEO of the Fair Tax Foundation, said: “Royal London [has become] the largest financial institution anywhere in the world to secure the Fair Tax Mark. Their commitment to pay the right amount of tax, in the right place, at the right time, is a central component of cutting-edge responsible tax conduct.”