F&C is appointed to manage 1.2bn of Swiss Life UK insurance assets, in a contract effective from July 1 2005.
The appointment follows a tender process resulting from the sale of Swiss Life Groups UK life insurance business to Resolution Life Group.
F&C manages 78.6bn of assets for European insurance clients, including Resolution Life Group, Friends Provident, Royal & SunAlliance, Achmea, Friends First and Millenniumbcp Fortis.
The new contract will increase F&Cs assets under management by 1.2bn.
F&C director, head of UK insurance business Robert Matthews says: We are delighted to have been appointed to manage these assets and, in doing so, further develop our relationship with Resolution Life Group.
F&C has experience in providing investment solutions for a diversified group of insurance clients where strength in core asset classes such as fixed income is essential.