Royal London has posted net inflows of £4.1bn which it said has been boosted by the £4.6bn multi-asset mandate it received from St James’s Place (SJP) earlier this year.
In its half year results released this morning (8 August), the provider saw gross inflows rise to £22.4bn, up from £16.3bn in H1 2024, and net inflows increase to £4.1bn (H1 2024: £1bn). Royal London said this was "boosted" by the £4.6bn multi-asset mandate with SJP in February this year. Assets under management (AUM) increased to £181bn, up from £173bn as of 31 December 2024, which the provider said was a result of the net inflows and positive market movements of £3.2bn. Meanwhile, Royal London saw operating profit before tax increase by 15% to £166m, up from £144m in H1 2024, whi...
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