F&C Asset Management is considering the launch of further investment trusts and expanding its current direct-to-consumer offering, as part of its ongoing consumer review.
The asset manager has outlined a new consumer strategy based on profitable growth, driven by consumer needs and building on the group’s current strengths.
The firm believes it is well-positioned for the implementation of the retail distribution review, expecting investment trust assets to grow. It is also planning to invest in the investment trust business with the launch of new funds and is currrently evaluating the launch of a new equity investment trust.
F&C is looking at introducing a directly-marketed multi-manager and multi-asset range for distribution through its existing direct-to-consumer infrastructure.
The firm is also to increase its distribution focus on property funds and will add products and improve service for its multi-manager offering for IFAs. The increased focus on the property funds will include expanded distribution through consumer channels and the development of a pan-European product.
The firm confirmed it was on track to meet cost reduction targets of £33.2m by 2013 and has introduced a share-based compensation plan for senior management.
F&C executive chairman Edward Bramson says: “We see significant strengths in our consumer business and believe we are uniquely positioned in the new post-RDR regime.
“We believe the new strategies outlined today will create strong financial returns for shareholders and our new compensation structure direcly aligns management’s interests to this result.”