Ascentric thrives as Royal London posts 26% sales jump

The group's wrap platform Ascentric maintained its strong growth with total assets under administration up 122% over the past year to almost £2.1bn. Royal London Asset Management continues to attract new monies across all asset classes, with net new business in the first nine months up 65% to £649m. Pensions business Scottish Life saw new business advance 44% to £1.6bn, with individual pension new business 62% higher than in the equivalent period last year. The company says its protection businesses Bright Grey and Scottish Provident continue to be affected by a slow mortgage marke...