RLAM posts £224m net inflow in first quarter

Royal London Asset Management (RLAM) has posted a £224m net inflow into its funds in the first quarter, reversing an outflow of nearly £500m in the same period the previous year.

The inflow means the group is on course to post an improvement in its full year numbers, after net flows dipped in 2012. For the whole of last year, the group reported a net inflow of £286.3m, down 24% on the previous year's figure. Phil Loney (pictured), group chief executive at Royal London, said: "RLAM has experienced good net inflows after some large cyclical outflows in the same period in 2012. The levels are almost double the amount which we received in the equivalent period in 2011 which further highlights the strong position and excellent reputation the business has in its mar...