Royal London, the UK mutual insurer, has earmarked its £117bn asset management division as one of its key growth priorities, its chief executive said today.
The group was bolstered by net inflows of £4.2bn in the first half, up 14% on the same period a year ago, it reported on August 16 — helping to offset a flat sales performance in its life and pensions business. Profits before tax rose 9% to £358m.
