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

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...