Life - Articles - Friends Life Investments announces recapture of £7bn assets


 Friends Life Investments (FLI), Friends Life Group's in-house asset management business, has recaptured a further £7 billion of assets in the first half of 2013, marking the successful delivery of the next phase of its asset re-capture programme.

 The announcement follows significant strengthening of the derivative and asset allocation infrastructure over recent months.

 Since the launch of FLI in July 2012 the firm has recaptured £18 billion of Group assets, leveraging its existing investment capability, investment strategy and asset liability management to support the management of fixed income assets within the annuity, shareholder and With Profit portfolios.

 Mark Versey, Chief Investment Officer of Friends Life, said:

 "We continue to achieve our stated strategy of recapturing assets and, following the move to bring back a further £7 billion of assets in the first half of 2013, we have met our target of £18 billion since launch in July 2012. We've made great progress in building scale within FLI during the first year of operating."

Back to Index


Similar News to this Story

Vulnerable customers see application forms time consuming
Many vulnerable customers cite challenges with the insurance application process, while a significant proportion are denied a policy altogether. Some
Nearly 4 in 10 adults live with ongoing medical conditions
UK health and life insurer The Exeter has released new research showing that nearly four in ten UK adults (39%) are living with one or more ongoing me
Heading for a care cost shock
60% of over-45s think the average cost of a year’s stay in a residential care home is less than £60,000 compared to industry figures suggesting actual

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.