Royal London Asset Management saw its assets under management hit record levels in 2021 following strong flows throughout the year.
Net inflows rose from £3.8bn to £5.3bn bringing total AUM to £164bn, up from £148bn the previous year. Meanwhile, operating profit before tax hit £133m, returning to higher levels following the impact of Covid-19 in 2020. The group's CEO, Barry O'Dwyer commented on how RLAM was established back in 1861 to help "working families to protect themselves from the shame of suffering a pauper's funeral". He said: "Although our business has grown and developed over the years, our purpose as a mutual has never been more relevant. RLAM's Rutter: 'Treasure trove' of neglected and boring st...
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