Summary
ABBEY National has started the process of outsourcing the management of its (pounds) 29bn of funds after appointing three separate investment houses to run its biggest fund, the (pounds) 1.2bn UK Growth Unit Trust.
The former building society made itself unpopular with staff at its Glasgow-based fund management arm after deciding in January that (pounds) 27bn of the (pounds) 29bn of funds would be managed elsewhere.See the full content of this document
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Outsourcing Under Way at Abbey
The bank has done an outsourcing deal with US gian...
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