"Ascentric has gone from strength to strength to become a leading wrap platform for financial planners and advisers, and continues to deliver strong performance, even during periods where markets have been volatile.
“As a mutual organisation, Royal London is not driven by the short term payback periods demanded by shareholders and so can invest in delivering products and service that offer customers real value. The announcement of several new agreements with external portfolio services and the launch of an income forecaster tool are clear examples of where Ascentric is delivering this.
“Royal London continues to back and invest in Ascentric, particularly in its underlying technology, which will improve the capabilities of the platform and ensure it has the capacity for further growth.”
Phil Loney, Group Chief Executive, Royal London