Schroders appointed to run £2.1bn multi-asset and insurance mandate

Schroders has been chosen to manage a £2.1bn (€2.4bn) multi-asset and insurance mandate by Scottish Friendly, one of the UK’s largest mutual life insurance companies.

The appointment follows Scottish Friendly’s decision to simplify its product offering as part of a unit-linked fund Rationalisation project, ensuring customers have a clearer selection of competitively priced funds managed by Schroders.

The mandate encompasses Schroders actively managed multi-asset and fundamental equity capabilities. 

Phil Middleton, head of UK at Schroders, said: “We are delighted to be appointed by Scottish Friendly to forge a new partnership with a leading player in the UK Mutual sector. This appointment represents an exciting opportunity for Schroders, emphasising our ability to meet clients’ investment needs.”

The mutual sector is a key growth area for Schroders, he noted.

Middleton continued: “We are dedicated to working in partnership with Scottish Friendly and the UK’s thriving sector to reinforce our role as the preferred manager in this vital segment of the insurance market.”

Alan Rankine, chief financial officer at Scottish Friendly, said: “ This collaboration is integral to our goal of providing our customers with a streamlined selection of funds that will continue to reflect the varying risk profiles we offer our members.

“As a mutual organisation, we are committed to delivering real value to our members, and Schroders’ extensive expertise, impressive track record, and competitive pricing present a compelling opportunity for us to elevate the overall investment experience through our unit-linked fund rationalisation project.”

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