Royal London Asset Management has reported record-breaking external net flows of £4.1bn for 2018, allowing the group to maintain its £114bn FUM figure despite volatile markets.
The record figure compares with external net flows of just £2.8bn in 2017 and contributed to total net inflows of £7.7bn for 2018, which also include internal inflows of £3.6bn. This was achieved despite...
Deal was announced in June this year
Departs in April 2021
Raft of portfolio management changes
Individual holdings breach limits
Five key points
400 to be made redundant
Wealth manager also considering sale
'On the surface, flat-rate tax relief is very appealing'