The new business has brought its total assets under management to £76.2bn at 31 March, a 46% rise on the level at 31 March 2013 and 4% up on 31 December 2013.
The company's Ascentric wrap platform brought in £318m of new assets versus £392m in Q1 2013 to bring its AUM to £7.6bn at 31 March 2014, 29% up 31 March 2013 and 4% higher than on 31 December 2013.
Parent Royal London posted new life and pensions business numbers up 18% to £989m, mainly driven by group pensions which were up 65%.
"RLAM has delivered strong wholesale results,” said group chief executive Phil Loney. “Its success has been underpinned by good UK equity income fund performance and strongly performing credit and short duration funds, which continue to attract good new business flows,” he added.
He also noted the business has seen strong institutional results across local authorities, charities and corporates, with much of the new business centred on aggregate bond mandates and "Cash+" products.
