Ascentric hits third quarter of record net new business

Around 800 more firms have signed up to use the wrap platform than over the same period last year contributing to a 42% increase in total assets to £6.69bn, Royal London said. Elsewhere, total new life and pensions business was up 14% to £2.95bn for the first nine months of the year, up from £2.59bn for the same period last year. This rise was helped by a 28% increase in pensions business, valued at £2.21bn. On the asset management side, business continued to perform well, with RLAM net new business inflows of £1.45bn. Total group funds under management were £73.5bn, up 48% from 31...