RLAM sees net flows decline in Q1

Royal London Asset Management saw outflows more than double in the first quarter compared to the same period last year, although it reported strong growth in its pensions business.

In its first quarter results statement, the firm reported an overall net inflow of £111m, a decline of 88% on last year. It recorded £662m of inflows for the first three months of the year, which was offset by the £551m in outflows, an increase of 142% on last year. In Q1 of 2014, outflows were £227m while inflows were £1.1bn. However, the group said there were "significant net flows" in to its UK Equity Income (£91m), corporate bonds (£67m), Sterling Credit (£39m) and Cash Plus (£27m) funds. Elsewhere, Royal London said it saw higher inflows in its individual pensions business, up...