Schroders appointed by Scottish Friendly to run £2.1 billion multi-asset and insurance mandate
Schroders today announces it has been appointed by Scottish Friendly as its new investment management partner for a £2.1 billion multi-asset and insurance mandate.
The mandate reinforces Schroders’ position as an insurance asset management leader and expert in delivering actively managed and tailored investment solutions. 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.
This 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:
“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. 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. 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, CFO at Scottish Friendly, said:
"We are pleased to announce our strategic partnership with Schroders who will now act as our investment manager for this business. 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.
"We are confident that this partnership will drive significant value, ensuring our customers continue to receive investment solutions to meet their needs."
For further information, please contact:
Charlotte Banks, Media Relations Lead, Public Markets | +44 20 7658 9063 | Charlotte.Banks@Schroders.com |
Kirsty Preston, Media Relations Executive | +44 20 7658 1961 | Kirsty.Preston@Schroders.com |
Kevin Brown, PR and Communications Manager, Scottish Friendly | +44 7512 194336 | Kevin.Brown@scottishfriendly.co.uk |
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Schroders plc
Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £778.7 billion (€941.8 billion; $975.3 billion) of assets under management at 31 December 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.
About Scottish Friendly
Scottish Friendly is a leading UK mutual life and investments organisation. It provides its members and their families with a wide range of investment and protection solutions and provides life and investment products and services to other financial organisations.
Scottish Friendly has roots stretching back to 1862. Established as the City of Glasgow Friendly Society, its name changed in October 1992 when it took over Scottish Friendly Assurance.
Scottish Friendly, Galbraith House, 16 Blythswood Square, Glasgow, G2 4HJ
Scottish Friendly Assurance Society Limited. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Scottish Friendly Asset Managers Limited. Authorised and regulated by the Financial Conduct Authority.