The mandate, which emphasises the strategic importance Schroders places on working with the UK’s mutual sector, will encompass both multi-asset and short-dated credit assets. It follows the board of Metfriendly having recognised the comprehensive nature of Schroders’ investment offering, and commitment to delivering value for money combined with meeting the target fund performance requirements.
Metfriendly dates back to 1893 when volunteers formed the Metropolitan Police Provident Association, mainly to help widows of colleagues and retiring officers. Since then, it has evolved into a leading provider of savings, investments and protection products designed to meet the financial needs of the UK Police Family. With no shareholders, all profits can be shared with members or used to fund initiatives to support the wellbeing of UK Police Families such as the Police wellbeing dog initiative.
James Barham, Executive Chairman, Schroders Solutions, said: “The successful outcome of this appointment is the result of the collaborative efforts of numerous individuals across various teams within Schroders, demonstrating the breadth and cohesion of our investment focus. We are grateful for the trust placed in us and are committed to helping Metfriendly meet its investment objectives, as well as more broadly, working in partnership with the UK’s thriving mutual sector.”
Annette Petchey, Chief Executive Officer, Metfriendly said: “We are pleased to be working in partnership with Schroders at this important time for Metfriendly. Schroders' partnership approach and professional expertise combined with our shared values, has established a firm foundation for our plans to support even more Police Families across the whole of the UK. UK Police Families are under significant pressure and we are keen to work with our partners to help provide financial resilience and reassurance for this very important group of people.”
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