RLAM

Assets on Royal London's wrap platform Ascentric grew 42% to £4.7bn in the nine months to 30 September, with new inflows dropping 18% to £856m.

Top UK equity income managers have been cutting their weighting in tobacco stocks as concerns over earnings momentum and new rules on plain packaging put pressure on share prices.

THE BIG QUESTION

FMF

Ian Furtado, the former head of sales at emerging markets boutique Occam, has joined Royal London Asset Management (RLAM) as a business development manager.

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.