Royal London News
26.02 / 13:15
markets
Hudson
reports
M&G poaches director of distribution from Standard Life
Hudson be responsible for driving distribution growth at M&G life insurance UK across all channels, with a large focus on the intermediated market. He will lead the team that distributes the business's individual life and pensions products. Hudson most recently worked as Standard Life managing director – retail & intermediary. Prior to this, he held roles at LV, Aviva, Friends Life and Aegon. The new addition is expected to report to M&G managing director – individual life and pensions Anusha Mittal. He is set to start in the new role from 10 March. M&G sues Royal London for £27m o...
23.12 / 12:37
Platform
reports
Courts
M&G sues Royal London for £27m over client access to 'inappropriately risky investments'- reports
In a lawsuit filed at the High Court in London, M&G claimed that the Ascentric business, a wealth management platform for financial advisers, had «exposed its customers to inappropriately risky investments, with an inappropriately high percentage of their pension funds in those investments», according to court documents seen by the FT. M&G's legal team have filed for damages of at least £27m plus interest, alleging that Royal London failed to effectively disclose that some of its client pension money had been invested in «inappropriately risky» products prior to the deal, the aforementi...
11.11 / 16:05
Strategy
Royal London expands equity team with triple Aviva Investors hire
As part of the shakeup, Saldanha will become the lead manager of the Royal London Global Equity Income fund and a manager on the Global Equity Select strategy, a portfolio set to be managed by fellow fresh face de Bruin. Meanwhile, Kirby will partner with Saldanha on the Global Equity Income fund. Royal London AM promotes head of wholesale Phil Reid to sales boss All three new recruits are set to join with immediate effect and come with a combined four decades of industry experience. Saldanha spent 18 years at Aviva, while Kirby and de Bruin enjoyed an eight and ten year stint,...
07.11 / 08:27
Strategy
awards
Research
rowing
Trio of fixed income funds awarded RSMR rating
RSMR praised the Royal London fixed income team for its «collegiate approach» to managing the global bond strategy and for its focus on fundamental research, with stock selection comprising «the most consistent contributor of long-term performance». The fund invests mainly in credit, with the aim to deliver a high level of income from a diversified, global portfolio, the research house noted, highlighting the team's ability to produce «consistently strong relative returns across a wide range of mandates on a regular basis». M&G, T. Rowe Price and Waverton funds gain RSMR rating The...
03.10 / 09:19
information
2020
Department
Royal London chair Kevin Parry departs
According to a company statement, Parry informed the board that he does not wish to continue his tenure beyond 2024, and the latter has therefore accepted his resignation as chair. Parry previously served as director of the firm's asset management wing for a period between April 2020 and June 2021 and held the same role on Intermediate Capital Group's board for over a decade. Royal London AM net inflows fall in H1 2024 as outflows in global equities mount The outgoing chair said: «It has been a privilege to chair Britain's leading mutual insurance and asset management group. „Th...
02.09 / 15:01
Strategy
performer
Royal London AM bolsters equity team with double fund manager hire
Paul Schofield, currently co-head of global equity at Goldman Sachs Asset Management, has been poached by the firm to lead Royal London's Global Diversified Equity fund, a move that will see him flanked by Matt Burgess and Finn Provan. «I have long-admired RLAM's clear strategy, investment performance and strong brand, alongside its focus on delivering first class capabilities to deliver good outcomes for clients,» he said. «I look forward to working with the team, using my experience of running both teams and funds to complement their investment process,» Schofield added, as he joi...
29.07 / 12:56
Strategy
reports
Royal London UK Opportunities fund fails value assessment as underperformance lingers
In its latest Assessment of Value report, the board of Royal London Unit Trust Management (RLUTM) noted the fund has been underperforming over a number of years and thereby failing its objective to outperform its benchmark over a five-year period. The £320.2m strategy, managed by the High Alpha Equity team, was also red flagged in last year's edition of the value assessment report. Royal London made changes to the management team of the fund in 2023 and adjusted the composition of its investments. However, the board of RLUTM noted that while «initial signs from these changes were prom...
13.02 / 13:59
02.11 / 12:53
Investment trusts
Fundsmith Equity
Platforms
Interactive Investor
Scottish Mortgage
fundsmith
Income funds knock Scottish Mortgage and Fundsmith Equity off most bought spots
Kyle Caldwell, collectives editor at interactive investor, said the change was part of a wider trend of growth strategies losing out to income strategies in the popularity stakes.
23.10 / 07:27
Morningstar
cover
open
Open-ended property funds assert confidence following M&G closure as outflows mount
Legal & General Investment Management, abrdn, Columbia Threadneedle and Royal London all told Investment Week their funds were stable and they remained confident in them. However, the funds have all seen continued outflows, with some not receiving a single month of inflows over the last three years, according to data from Morningstar Direct. Only one of the 18 funds covered by Morningstar Direct in the IA UK Direct Property sector received inflows during September 2023 — VT Redlands Property Portfolio. Throughout September, the sector lost £97.4m to outflows, with almost half (£43....
14.09 / 11:09
Unit trusts/OEICs
Royal London AM limits access to Global Equity Select fund
'We believe it is in the best interest of investors to exercise controls to ensure our investment team can continue to invest in best-of-breed companies that can deliver attractive long-term outperformance.'
29.08 / 12:55
ESG
Jupiter asset management
net zero
Fund managers warn government over net zero target
'The problem is, as soon as the government starts making comments or noises suggesting that might not actually be the direction of travel after all, it saps the confidence of private investors.'
29.08 / 08:25
ESG
Jupiter asset management
net zero
reports
Fund managers warn government over net zero target - reports
'The problem is, as soon as the government starts making comments or noises suggesting that might not actually be the direction of travel after all, it saps the confidence of private investors.'
24.07 / 13:53
24.07 / 10:09
13.07 / 07:49
Europe
HSBC
BlackRock
Morningstar
funds
fixed income
equity funds
Morningstar: Equity funds suffer largest monthly net outflow since September 2022
Of the top ten fund groups by assets, only BlackRock, Aviva, and HSBC saw inflows.
09.02 / 18:16
Royal London and LV= abandon merger talks
Merger talks between Royal London and LV= have fallen through.
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