Aberdeen is to transfer in excess of £3bn in assets into its own fund range, following its acquisiti...
Aberdeen is to transfer in excess of £3bn in assets into its own fund range, following its acquisition of the £5.5bn book of business from the Life Assurance Holding Company (LAHC), writes Robert Stock. The £5.5bn in assets, which Aberdeen purchased for £86m, represents the assets of the 750,000 policy holders in Windsor Life Assurance, which LAHC owns. More than 60% of the assets in Windsor Life Assurance are held in unit trusts of many of the larger unit trust managers. These assets, in excess of £3bn, will in due course be transferred into Aberdeen unit trusts and will boost the ...
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