L&G has been chosen to manage Bradford & Bingley's £400m multi-manager investment portfolio.
Two new funds, Multi-manager Growth Trust and Income Trust will replace vehicles from AXA Framlington. From July 14, Bradford & Bingley customers will be able to receive advice from L&G's tied advisers, with their investments held on the Investment Portfolio Service platform. Andrew Stead, head of wealth at Bradford & Bingley, said he was impressed by L&G's competitive charging structure, which is based on the performance of the trusts. He said: "The objectives and risk profiles of the new funds remain broadly similar to our customers' existing investments. "In addition, our custome...
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