Royal London buoyed by £2bn fund flows but warns on pensions 'bungle'

Royal London Asset Management (RLAM) has reported net external business inflows of £2bn in 2014, driven by sales of Martin Cholwill's UK Equity Income fund.

Parent Royal London said that RLAM “continues to perform well” after a year in which inflows remained robust. The £2bn figure is down almost 20% on the £2.45bn achieved in 2013, but still well in excess of the £286m figure reported in 2012. Inflows into the RL UK Equity Income fund represented more than a quarter of the total for the 2014, with the fund the single most popular in RLAM's wholesale business. Meanwhile the Royal London Corporate Bond fund saw £187m in net flows, while the Cash Plus funds took in a net £144m. Institutional inflows as a whole accounted for £837m ...