Royal London new business climbs 17%

New business at Scottish Life, the group's UK pensions arm, climbed 4% to £211.3m on an APE basis, while Bright Grey, its UK protection proposition, reports a 7% increase to £32.7m. Royal London Asset Management (RLAS), which describes 2009 as a ‘year of two halves' in investment markets, reported a 2% jump to £17.9m and says it attracted £589m of net new assets last year, although this was down 20% on 2008. Elsewhere, Scottish Provident posts new business figures of £37.3m while Royal London 360°, the group's offshore investment proposition reports new business figures of £25.4m. ...