Swiss Life scoops balanced briefs
UK – Swiss Life Asset Management UK has been appointed to three balanced mixed fund mandates worth £12.4m (e19.4m) in total.
The Newcastle-based Summers & Partners pension plan, advised by Wisespeke, has awarded the group a £3m brief, which was previously held by Standard Life.
In a separate win, paper manufacturer and supplier Smith Anderson in Fife, Scotland shifted its £6m balanced portfolio to Swiss Life. The incumbent manager was Scottish Widows Investment Management and Smith Anderson was advised by consultant Castle Cairn.
Finally, Colnbrook-based Banctec switched a £3.4m mixed fund mandate from Mercury to Swiss Life after consultation from Abbey National Benefit Consultants.