Rothesay has reported a strong H1 trading performance in its half-year update.

Pre-tax IFRS profits rose to £406m, compared to £21m in the first half of 2024. New business premiums totalled £0.3bn in H1, but the firm said it has completed or is exclusive on over £4bn of additional deals in the second half of 2025. Assets under management stood at £69.4bn as at 30 June, with the group making £2.1bn in payments to policyholders during the period. Meanwhile, Rothesay’s solvency capital requirement coverage ratio was 263 per cent, with surplus capital of £5.4 billion, while its market-consistent embedded value increased to £8bn. Rothesay CEO, Tom Pearce, said Rothesay’s “prudent pricing discipline and careful approach to risk management delivered strong financial performance”, highlighting the group’s ongoing investment in UK productive assets, including a £150m commitment to social housing retrofit through the National Wealth Fund and The Housing Finance Corporation.

Aegon’s digital workplace member experience has won two awards in its launch year.

The software, named ‘Mylo’, took home the ‘Leading Innovation in Workplace Solutions’ award at the Schroders UK Platform Awards and the Financial Services Innovation Award at the Scottish Fintech Awards. Mylo provides personalised nudges, prompts, and support to workplace pension members via app, email, and SMS, with features including contribution prompts, consolidation guidance, and retirement planning. Aegon said the service is expected to reach more than one million members by 2026. Commenting on the recognition, Aegon commercial director of workplace, Nick Roy, said: “Winning two awards in the same week is a testament to the innovation, hard work, creativity and collaboration of the Mylo team. Mylo is built for pension scheme members, but it also supports employers and advisers, helping strengthen relationships and guide longer-term financial planning.”

Hargreaves Lansdown has launched its first own-branded savings product.

The launch coincides with UK Savings Week, with the product aiming to give clients greater choice and diversification benefits. Initially offered within a Cash ISA in partnership with Shawbrook, deposits will be FSCS protected up to £85,000, allowing clients to deposit up to £1 million. Hargreaves Lansdown said the product will always pay at least base rate plus 65bps and will enable the future rollout of additional features such as a regular saver function. Alongside the launch, the firm has enabled clients to manage active savings accounts via its app and has also introduced a payroll-linked regular savings option, which will be extended to workplace clients from 2026. Hargreaves Lansdown head of active savings, Mark Hicks, said savers continue to lose out as “£526bn sits in current accounts earning no interest”, adding that the new product “will provide consistency and diversification benefits to savers who don’t want to switch products continually”.

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