In the year to 31 December net new business for RLAM was £379m, down from £1.13bn in 2010.
The group’s wrap platform Ascentric saw new assets under administration up 8% to £1.3bn from £1.2bn a year earlier.
Meanwhile Royal London 360 saw £398m of new business, up from £329m in the previous year. This reflected good sales of the international single premium bonds and its international regular premium savings product, Royal London 360 said.
The group said RLAM continued to attract new money across all asset classes and that long-term performance remains strong despite the "prevailing economic environment, ongoing market volatility and uncertain outlook."
