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RLAM equity income franchise drives asset gathering

RLAM equity income franchise drives asset gathering

Royal London Asset Management took just under £4 billion in new asset flows over the first half of the year with its equity income franchise run by AA-rated Martin Cholwill (pictured) a big draw.

Over the 12 months, the company's inflows rose 51%, including the transfer of £20 billion in assets from the purchase of Co-operative Insurance Services.

‘New business acquisition remains extremely positive, especially in the wholesale sector,’ said Royal London group chief executive Phil Loney.  

‘Just as importantly, we are experiencing high levels of retention in this area of the business, demonstrating that the growth we're seeing in asset management is long-term.’

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