If an all-share combination of UK insurers Aviva and Friends Life comes off, one asset management business that might lose out in the medium-term is Schroders, which has a £12.2 billion “strategic investment partnership” with Friends.

The partnership was announced in March, and involves Schroders taking on the management of billions in equity and multi-asset portfolios on behalf of Friends Life.

A Friends/Aviva merger might put Schroders contract in play

News Analysis: One asset management business that might lose out in the medium-term is Schroders

Mark Cobley

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