Wealth and Asset Management
Friends Life awards £14.5 billion mandate to Schroders
Friends Life is to transfer £14.5 billion in assets from F&C to a new strategic partnership with Schroders. The insurance business is due to redeem £12.2 billion in equity and multi-asset mandates and a further £2.3 billion in sterling fixed income mandates from F&C over the course of the year.
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