Gross inflows at RLAM rose to £6.7bn according to the firm’s annual accounts, a significant increase on the £3.1bn inflows in 2015 which has been put down to more sales in institutional and wholesale markets.
The record amount of funds under management was helped by rising bond values due to the UK’s historically low interest rates.
Phil Loney, group chief executive, said the firm had performed well despite a turbulent backdrop in both politics and the markets.
He said: “Royal London is becoming a much bigger and more established presence in the markets in which we operate.
“We are now a top-three new business player in several key areas and group funds under management grew to £100bn, which is 18% higher than the previous year.
“The resulting growth in our revenues has allowed us to maintain a strong capital position in a volatile world, and to invest heavily in new technology platforms which will enable the business to remain agile and competitive into the future.”
