Rlam inflows slow in first half of 2013

Royal London Asset Management has seen a reported a drop in inflows in the first half of 2013.

The asset management arm of the insurance group received net inflows of £308m in the first half of 2013, compared to the £596m net inflow in the second half of 2012.

The figure was a significant increase on the first half of 2012, though, when Rlam suffered a net outflow of £310m.

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Earlier this year, Rlam overhauled its equity business, moving all the funds outside of the pan-European area from active to passive management and removing Jane Coffey as head of equities.