Royal London full-year profits rise despite dip in assets

Mutual reported a drop in AUM to £147bn from £164bn a year earlier

clock • 1 min read

Royal London has posted a rise in profits despite being hit by a slide in total assets under management (AUM).

The life, pensions and investment firm said full-year profits climbed 58% to £210m. As with many financial services firms, market turbulence meant AUM fell though, with the firm reporting a drop to £147bn from £164bn a year earlier. Net flows remained in positive territory at £3.7bn, but this was down sharply on the 2021 figure of £5.3bn. ProfitShare allocation rates have been maintained, with a total of £155m versus £169m in 2021. The reduction in the total value was attributable to market movements, the firm said. Royal London added a total of £675m to long-standing customers' po...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

MKC Wealth acquires four IFA firms

MKC Wealth acquires four IFA firms

Retiring advisers hand over their businesses

Isabel Baxter
clock 15 October 2025 • 2 min read
Fairstone revenue rises 21% as firm targets £40bn in assets by 2030

Fairstone revenue rises 21% as firm targets £40bn in assets by 2030

Group reaches 100th DBO deal and expands digital advice service Mineral

Sahar Nazir
clock 14 October 2025 • 1 min read
Tatton records 5% uptick in IFA numbers reaching 1,170

Tatton records 5% uptick in IFA numbers reaching 1,170

Perspective contract ends January 2026 but asset manager confident in AUM target

Isabel Baxter
clock 14 October 2025 • 1 min read