Standard Life wins £100m trust mandate - papers 20th Oct

clock

MERRILL LYNCH, JPMorgan and Jupiter Asset Management have lost out in the battle to manage the £100m Deutsche Equity Income Trust (DEIT), reports The Times .

Standard Life was named yesterday as the winner of the mandate, which was put up for grabs when Deutsche Asset Management (DeAM), the incumbent manager, was sold to Aberdeen Asset Management, says the paper. The board of DEIT decided to seek a new manager when it became clear Graham Ashby, of DeAM, would not be transferring to Aberdeen. Karen Robertson, of Standard Life, who already runs the strongly performing £117m UK Equity High Income fund, will manage the trust. Standard Life has also agreed a reduction in fees. It will receive 0.65% of funds under management and has agreed to...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

'Quality is the golden thread' – why Benchmark won Best Advice Network

'Quality is the golden thread' – why Benchmark won Best Advice Network

PA Awards 2026 winner shares secrets to success

Professional Adviser
clock 29 April 2026 • 3 min read
Women in Financial Advice Awards 2026: Nomination deadline 8 May!

Women in Financial Advice Awards 2026: Nomination deadline 8 May!

Awards to be held at Hilton Bankside in London

Professional Adviser
clock 14 April 2026 • 1 min read
Editor's message: When new beginnings come together

Editor's message: When new beginnings come together

Professional Adviser will be back on Tuesday

Jen Frost
clock 02 April 2026 • 1 min read