RLAM

Offloading the taxpayer stakes in Royal Bank of Scotland and Lloyds Banking Group could take years, the Treasury select committee was told yesterday.

ON EUROPE

Investment Week has revealed the shortlist for its 17th annual Fund Manager of the Year Awards.

Royal London Asset Management is the latest firm to introduce a clean share class in preparation for the Retail Distribution Review.

Royal London Asset Management's Martin Cholwill is backing Hargreaves Lansdown in the view worries over impact of RDR on the firm are overdone.

After a volatile start to 2012, equity markets have staged a prolonged rally in recent weeks.

Old Mutual Asset Managers has poached RLAM's European star fund manager Kevin Lilley to head up the group's £71m European Equity fund.

The last few weeks have seen unprecedented market volatility as investors take fright at the ongoing debt crisis in the eurozone and a series of weak economic data from the US.

RLAM European Growth manager shuns defensives and piles into banks with eurozone issues ‘already in the price'.

Royal London Asset Management saw the value of its new business drop 85% during the first half of the year.