Royal London adding to offshore presence

Royal London Asset Management is to launch three Dublin-based products as part of an attempt to expand its offshore range. Stan Bland, head of retail business development at the group, said the plans include the launch of a property portfolio, a money market fund and a high yield bond fund. Royal London is currently awaiting regulatory approval for the funds. It is in negotiations for custodians and in the process of applying for Ucits approval. Scottish Life International manager Richard Pardoe will run the property portfolio, Tom Meade, who manages Royal London's cash funds, will ru...