RLAM reports record 2013 for new business in strong Royal London results

Gross inflows at RLAM were £3.9bn last year, up from £2.3bn in 2012. Assets under management rose 11% from £47.55bn at the end of 2012 to £52.95bn at year end 2013. For the group's wrap platform Ascentric, Royal London said improved economic conditions and a "re-focused adviser community" led to greater demand for services. As a result, Ascentric's total assets under administration rose 43% to £7.3bn by the end of last year. The wrap platform also had a record year for new adviser firm sign ups, at almost 800. Royal London reported total continuing new life and pensions busines...