Royal London Asset Management is looking to provide new products that add to the “building blocks” of its existing proposition, Phil Reid has said.
The head of wholesale at Rlam said he is looking to “diversify” the company’s distribution of its products.
He said: “When I joined there were four people in our distribution team and now we are up to 10 and we could add to that in the future.
“Some of the flagship products Rlam has in fixed income but also equities are applicable in all channels.
“In some of the fixed income products we are seeing a lot of success but it is also fair to say we try to constantly review our product set.
“Multi-asset is an area which is hugely developing and we launched our range two weeks after I joined.
“We are looking at potential solutions we could put together specifically for that marketplace.
“I can’t say what we are looking at or when but if you look at the market place there are some interesting themes coming out and it is in our interest to make sure we are looking at the kind of areas we need to.”
Mr Reid said Rlam’s existing range gave the company a series of “building blocks” which were suitable for distribution across “all segments”.
He said the demand for retirement propositions to cater for the increasing number of people in drawdown was something the company was “aware of” but it did not have any “solid plans” on how it would change the proposition to offer new solutions in this area.
Mr Reid was hired by Rlam last year from HSBC Global Asset Management, where he was UK distribution head.
Bob Wilson, director of Norwich-based GreenSky Wealth, said: "We are not massive fans of multi-asset because we have got in-house managers. It seems to be a bit of a buzzword at the moment and it seems like it might be becoming a bit of a crowded space.
"Rlam's governed portfolios have been extremely well managed and we have been impressed with them."
damian.fantato@ft.com
