RLAM sees AUM hit record levels in 2021

Monitoring Ukraine closely

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...