Royal London profits rise despite dip in assets

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

clock • 1 min read
Barry O'Dwyer
Image:

Barry O'Dwyer

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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

The Pensions Ombudsman publishes annual report

The Pensions Ombudsman publishes annual report

Ombudsman has exceeded targets on resolving cases and dealt with recruitment and cyber challenges

Jasmine Urquhart
clock 25 October 2024 • 2 min read
PwC: No long-term negative impact on pension funds from LDI crisis

PwC: No long-term negative impact on pension funds from LDI crisis

Organisation says funding levels ‘show resilience’ but data management issues remain

Holly Roach
clock 25 October 2024 • 3 min read
Gallagher announces acquisition of Redington

Gallagher announces acquisition of Redington

The terms of the transaction were not disclosed

Holly Roach
clock 25 October 2024 • 1 min read
Trustpilot