Schroders has been appointed by Scottish Friendly as its new investment management partner for a £2.1 billion multi-asset and insurance mandate.

It encompasses Schroders’ actively-managed multi-asset and fundamental equity capabilities, providing simplified yet extensive investment solutions for a range of Scottish Friendly’s policyholders.

It 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.

Scottish Friendly, one of the UK’s largest mutual life insurance companies with over 850,000 members, is an award-winning financial services provider dedicated to delivering products and services that help families thrive in the UK.

Phil Middleton, Head of UK at Schroders, said: “This appointment represents an exciting opportunity for Schroders, emphasising our ability to meet clients’ investment needs.

“We believe that the combination of both businesses’ long-standing heritage and financial services expertise creates a strong partnership focused on the individual needs of members.

The mandate is a show of support for our strong investment capabilities, compelling active investment proposition and commitment to the mutual sector, which continues to be a key growth area for us.

Source: Fund Europe