Royal London Asset Management
Encyclopedia
Royal London Asset Management (RLAM) is a UK-based investment management company with assets under management of more than £40 billion (as at 31 December 2010). RLAM invests across all major asset classes, including UK and overseas equities, government bonds, corporate bonds, property and cash. It is a wholly owned subsidiary of the Royal London Group
, the UK’s largest mutual insurance
company.
to approximately £25 billion by the end of 2004. Further expansion has seen this rise to over £40 billion (as at 31 December 2010).
, as well as a wide range of external clients. These include company pension schemes, universities, charities, endowments and insurance companies. RLAM also offers mutual funds targeted at wealth managers and financial advisers. Cash management is provided by Royal London Cash Management (RLCM) (for UK onshore clients) and its Guernsey-based affiliate, Royal London Asset Management Channel Islands (RLAM (CI)) (for offshore clients). The two companies together form the UK’s largest segregated cash manager, managing assets on behalf of more than 60% of UK universities. RLAM employs more than 50 investment professionals, all of whom are based in the company’s London office.
Royal London Group
The Royal London Group is the UK's largest mutual insurance company, serving 3.1 million customers, with funds under management of £42.4 billion as at 31 December 2010....
, the UK’s largest mutual insurance
Mutual insurance
A mutual insurance company is an insurance company which has no shareholders but instead is owned entirely by its policyholders. The primary form of financial business set up as a mutual company in the United States has been mutual insurance. Under this idea, what would have been profits are...
company.
History
In 1987, the decision was made by the board of the Royal London Mutual Insurance Group to establish its investment department as a separate investment management subsidiary. This was in order to offer products and services to a wider marketplace. Royal London Asset Management (RLAM) was formed in 1988, won its first external client in 1990 and continued to attract new business through the 1990s. The early part of the following decade was a period of more rapid growth. The acquisitions of United Assurance, Scottish Life and the cash management business of Union Discount (subsequently renamed Royal London Cash Management) led to an increase in assets under managementAssets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
to approximately £25 billion by the end of 2004. Further expansion has seen this rise to over £40 billion (as at 31 December 2010).
Current operations
RLAM specialises in providing investment management solutions for both its parent company, the Royal London GroupRoyal London Group
The Royal London Group is the UK's largest mutual insurance company, serving 3.1 million customers, with funds under management of £42.4 billion as at 31 December 2010....
, as well as a wide range of external clients. These include company pension schemes, universities, charities, endowments and insurance companies. RLAM also offers mutual funds targeted at wealth managers and financial advisers. Cash management is provided by Royal London Cash Management (RLCM) (for UK onshore clients) and its Guernsey-based affiliate, Royal London Asset Management Channel Islands (RLAM (CI)) (for offshore clients). The two companies together form the UK’s largest segregated cash manager, managing assets on behalf of more than 60% of UK universities. RLAM employs more than 50 investment professionals, all of whom are based in the company’s London office.
Recent awards
Among recent awards that RLAM has won are:- Lipper Fund Awards 2011 UK - Best group over past 3 years, equity large
- Lipper Fund Awards 2011 UK - Best group over past 3 years, UK equity large
- Lipper Fund Awards 2011 UK - Best fund over past 10 years, bond pound sterling (Royal London UK Government Bond Fund)
- IPD/IPF UK Property Investment Awards 2011 - Insurance Company Life Funds (above £1bn)
- UK Pensions Awards 2010 - Pooled Manager of the Year
External links
- RLAM website http://www.rlam.co.uk/
- RLCM website http://www.rlam.co.uk/Home-RLCM/
- Royal London Group website http://royallondongroup.co.uk/