Royal London Asset Management gets new business boost

Royal London Asset Management (RLAM) has seen a new business boost of 214% over the first nine months...

Royal London Asset Management (RLAM) has seen a new business boost of 214% over the first nine months of the year, bringing in £2.3bn compared with £737m over the same period in 2006. The asset manager said the majority of inflows came from new clients, with fixed income products, followed by equity funds, the main contributors. However the wider Royal London group, which includes RLAM, Scottish Life, Scottish Life International and Bright Grey, has seen new life and pensions business drop 1% compared to the first nine months of 2006. Royal London group chief executive Mike Yardley sai...