Institutional business contributes to 24% increase in SWIP profits

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SCOTTISH WIDOWS Investment partnership has increased profit to £21m in the first half of the year, driven by successful fund launches in the institutional sector and a 271pc jump in international business.

The firm reported the profit increase of 24pc, as gross external new business jumped 58pc to £1.4bn, resulting in total funds under management of £98bn. SWIP said first half growth was helped by ...

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