Royal London reports 'heartening turnaround'

In the final set of results before its acquisition of Co-op's asset manager, Royal London says funds are looking up

Royal London, the mutually-owned insurer, reported a turnaround in its asset management business today as flows came in "across the board" during the first half of the year.

Royal London reported £308 million of net inflows; a "heartening turnaround" according to Gareth Evans, head of corporate affairs, which came into equities, bonds and property funds. During the first half of 2012, the company lost £310 million from its funds.

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