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

M&G's PruFund posts £100m net outflows in Q1

M&G's PruFund posts £100m net outflows in Q1

Gears up for third-party adviser platforms launch

Isabel Baxter
clock 07 May 2026 • 3 min read
Corbel Partners makes 18th acquisition and rolls out tech platform phase two

Corbel Partners makes 18th acquisition and rolls out tech platform phase two

Five more deals in the pipeline for 2026

Isabel Baxter
clock 07 May 2026 • 2 min read
Absolute acquires four IFA firms creating Northwest hub

Absolute acquires four IFA firms creating Northwest hub

Adds £577m in assets under advice

Isabel Baxter
clock 07 May 2026 • 2 min read