Aberdeen Asset Management and Life Assurance Holding Corporation (LAHC) have agreed terms under whic...
Aberdeen Asset Management and Life Assurance Holding Corporation (LAHC) have agreed terms under which Aberdeen will become the manager, under an exclusive 10-year contract, of the investment funds of the LAHC Group and specifically its principal subsidiary Windsor Life Assurance. LAHC's funds total £5.5bn and are expected to generate annual fee income to Aberdeen in excess of £11m for the first year of the investment management agreement. Windsor's investments comprise a large number of managed funds in addition to unit trusts, fund of funds, fixed interest and direct equity holdings....
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