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Standard Life launches investment subsidiary and aims for £100bn

Standard Life is launching an investment subsidiary on November 16 with the aim of managing £100bn of funds by 2003.

Standard Life Investments which currently manages £60bn of funds is aiming to take 5 per cent of the retail funds market through an extensive marketing campaign which will include national and trade press advertising and a nationwide road show.

The subsidiary is launching five new international equity growth sub-funds which the company says will broaden its appeal to corporate and consumer audiences.

Standard Life Group managing director Scott Bell says: &#34Operating as a separate and distinctive company will allow SLI to focus totally on the investment business and the need to deliver good investment performance for the benefit of its customers.&#34

The new company is moving to Standard Life&#39s former headquarters in George Street Edinburgh in April.


BSA picks up Hewitt&#39s gauntlet on social exclusion

The Building Societies Association is accepting Patricia Hewitt&#39s invitation to contribute to the financial exclusion debate.Hewitt made the invitation during a speech which challenged building societies to tackle the problem of financial exclusion in deprived neighbourhoods.BSA director-general Adrian Coles says: &#34We have established a group which will consider ways in which building societies can further […]

FSA embarks on consumer education project

The Financial Services Authority is holding a forum to promote public awareness of the financial system fulfilling one of its four key statutory objectives.The Consumer Education Forum is being organised in association with the Money Management Council and will mark the beginning of a period of public consultation and debate on the FSA&#39s responsibility for […]


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