Schroders appointed by Scottish Friendly for £2.1bn multi-asset and insurance mandate

Written by Adam Cadle

15/04/2025

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

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.

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."

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