Santander wins £1.4bn CTF mandate from New Star

The agreement, set to come into force from 1 December, will see Santander manage assets made up of a range of life funds and unit trusts, including the unit trusts that underpin Family’s CTF offering. Family Investments says the move follows a review of its investment strategy but it will be a blow to New Star, which had run the contract since February 2004. John Reeve, chief executive of Family Investments, says: “We are committed to providing an investment structure with the best balance between risk and growth for our 900,000 customers. “Following an extensive review of our investment...