Royal London Asset Management (RLAM) saw strong flows into its funds during Q1, with income and bond products in particular attracting investor interest.
RLAM recorded net new external business inflows of £902m over the reporting period, compared to £224m over the same period in 2013. Total group funds under management were £76.2bn at 31 March 2014, up 46% on 31 March last year and up 4% on 31 December 2013. Royal London's new life and pensions business was up 18% to £989m in the first quarter of the year, with group pensions benefiting significantly from auto-enrolment. The mutual said group pensions sales were up 65% to £443m, individual pensions were up just 1% to £282m and drawdown was up 29% to £146m. The company said annui...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
