F&C to up presence in UK market

Foreign & Colonial is to launch 10 unit trusts and concentrate on enhanced income and protected portfolios to build up its presence in the UK retail market, writes James Thorneley. The group has a five year plan which will include an intense sales and marketing initiative to intermediaries. Philip Childs, head of UK retail business at Foreign & Colonial, said the group did not want to offer 'me too' products such as a UK Growth unit trust but would instead concentrate on structured vehicles. Over the past few years Foreign & Colonial has been building up a strong in-house derivatives te...