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
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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...

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