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5 th March 2021 9:30 am Good morning and welcome to your Morning Briefing for Friday 5 March, 2021. To get this in your inbox every morning click here. RL pension sales down 20% due to lockdowns  It is a tough time in the world of pensions and advisers based on results out from mutual Royal London today. Life and pension sales at the mutual dropped 20 per cent last year due to lockdowns as advisers were forced to change their business models. Overall new life and pensions business dropped to £8.5bn as at 31 December 2020 from £10.6bn as at 31 December 2019. Broken down individual pensions new business sales decreased by 25 per cent to £4.7bn from £6.3bn in 2019.

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