RLAM grabs £3m Irish Assembly brief
UK – The Northern Ireland National Assembly has selected Royal London Asset Management (RLAM) to manage its entire £3m (e4.7m) pension portfolio through RLAM’s pooled pension (balanced) fund.
“Royal London Asset Management offered a compelling investment track record and intelligent outlook. The managers have a structured and disciplined approach to stock selection, which has clearly delivered results in the past,” says Denis Watson, chairman of the trustees at the Northern Ireland National Assembly.
The RLAM pooled pension fund – launched in June 2000 - is modelled on the company’s segregated approach, which has beaten the CAPS median in nine of the last 10 years.
The win comes on the back of RLAM’s recent selection by advertising group J. Walter Thompson to manage the entire £20m UK equity content of its pension fund – a brief it won from Schroders.
Royal London Asset Management is part of the royal London Group, and currently has £2.5bn funds under management for institutional pension funds.