diff --git a/src/main/java/org/springframework/retry/annotation/AnnotationAwareRetryOperationsInterceptor.java b/src/main/java/org/springframework/retry/annotation/AnnotationAwareRetryOperationsInterceptor.java
index 737a8cf..0890d27 100644
--- a/src/main/java/org/springframework/retry/annotation/AnnotationAwareRetryOperationsInterceptor.java
+++ b/src/main/java/org/springframework/retry/annotation/AnnotationAwareRetryOperationsInterceptor.java
@@ -227,7 +227,9 @@ public class AnnotationAwareRetryOperationsInterceptor implements IntroductionIn
 
 	private RetryTemplate createTemplate() {
 		RetryTemplate template = new RetryTemplate();
-		template.setListeners(listeners);
+		if (listeners!=null) {
+			template.setListeners(listeners);
+		}
 		return template;
 	}