Royal London to sell Ascentric platform to M&G

The move follows the completion of Ascentric's replatforming project in 2019, and is subject to regulatory approval. Around 1,500 advisers use the Ascentric platform, which holds assets under administration of £14bn across 90,000 customers. It has been part of Royal London since 2017.  Royal London chief executive Barry O'Dwyer said: "As part of our strategic review of the business, we explored a number of options for Ascentric. The business has been performing well following its re-platforming and we sought an outcome that would take it to its next phase of growth. "We believe tha...