Schroders today announces it has been selected to manage Cirencester Friendly’s £75 million investment portfolio.
Cirencester has provided income protection and additional support to thousands of members for more than 130 years. This appointment has reinforced Schroders’ credentials as an insurance asset management leader in the financial mutuals sector.
The award of this insurance mandate, which encompasses Schroders’ Multi-Asset and Insurance Solutions capabilities, emphasises the importance Schroders places on working with the UK’s mutual sector. It builds on Schroders’ appointment in September by Metfriendly, a financial mutual supporting the UK Police Family, to manage a £270 million investment portfolio.
David White, Global Head of Insurance, Client Group, Schroders, said:
“The financial mutual sector is a real strategic growth area for us and today’s news is testament to the huge amount of collaboration undertaken across our teams to deliver a relevant solution for Cirencester.
“We are grateful for the trust placed in us and are committed to helping Cirencester meet its investment objectives, as well as more broadly, working in partnership with the UK’s thriving mutual sector to reinforce our position as the go-to manager in this important segment of insurance.”
David Evans, Chief Financial Officer, Cirencester Friendly, said:
“Achieving the best possible value for our members is central to our objectives and through appointing Schroders to manage our investment portfolio, we are doing just that.
“The team at Schroders have consistently demonstrated both their financial expertise and their deep understanding of the mutual sector. We look forward to building a long and successful partnership together.”
This news follows shortly after Homes England made a £50 million allocation to Schroders Capital’s Real Estate Impact fund, underlying the key role this market-leading investment strategy has in addressing UK social inequalities.
Furthermore, Schroders, in conjunction with the Pensions Management Institute, also recently unveiled a series of pioneering proposals to improve financial resilience in the UK and support better investment outcomes.
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Andy Pearce, Head of Media Relations
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Schroders plc
Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £773.7 billion (€912.6 billion; $978.1 billion) of assets under management at 30 June 2024. As a UK listed FTSE100 company, Schroders has a market capitalisation of circa £6 billion and over 6,000 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Schroder family continues to be a significant shareholder, holding approximately 44% of the issued share capital.
Schroders' success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate.
Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.
Issued by Schroder Investment Management Limited. Registration No 1893220 England. Authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service.
Cirencester Friendly
Cirencester Friendly was established in 1890 in Cirencester, Gloucestershire. Primarily formed for the benefit of local agricultural workers based in Gloucestershire, today the Society caters for the income protection needs of over 44,000 Members from all walks of life across the UK.
Cirencester Friendly is a mutual organisation. It therefore has no issued share capital quoted on a stock exchange and is owned by Members who hold a contract with the Society, not by shareholders. The friendly society is run for the benefit of its Members who have the right to participate in the running of the Society.
www.cirencester-friendly.co.uk
For further information, please contact:
Rebecca Hill, Senior Manager – Marketing & Communications – rebecca.hill@cirencester-friendly.co.uk