Schroders is considering oeicing its range of unit trusts but, as of yet, no firm decision has been ...
Schroders is considering oeicing its range of unit trusts but, as of yet, no firm decision has been made. The move follows news that the group has signed an agreement with International Financial Data Services (IFDS) to outsource its UK-based authorised unit trust administration. It is part of an ongoing programme by Schroders to deliver increased shareholder value through efficient and cost-effective operations and to maintain the focus on its core business of investment management. The contract term is six years and will become effective in the first half of 2003.
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