Royal London Asset Management has reported net new business inflows of £308 million for the first half of 2013 compared with £310 million of outflows for the same period last year.
The group’s Ascentric wrap platform achieved record new business levels of £813 million in the first, up 39% on the equivalent period in 2012.
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Meanwhile, the assets under administration increased by 21% to £6.2 billion at 30 June 2013.
The group highlighted the implementation of RDR as a key driver of growth across the business.
"RDR has fundamentally changed the advisor landscape for savings and investment business," said Royal London group chief executive Phil Loney.
"There is now no potential for commission levels to bias new product advice given in the market, and our focus on the quality of proposition and service for customers and their advisers sits behind the strong growth that we are seeing in our pension, wrap and external fund management sales."
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