Threadneedle's Gary Collins: How the LV= deal will shape our business

As Threadneedle makes the final preparations for its partnership with LVAM, James Smith talks to the group's head of UK wholesale distribution Gary Collins about how the deal will shape the future of the group.

Markets are keeping fund groups on their toes these days, but Threadneedle is continuing a busy 2011 as it finalises a partnership with LV=. This deal will see the UK’s largest friendly society outsource management of its assets and external funds, perhaps the largest such transfer since Lincoln and Goldman Sachs 10 years ago. While several details are yet to be finalised – primarily which LV managers will move to Threadneedle – the deal should complete on 31 October and bring around £8bn in assets to the group’s current £68bn under management. Gary Collins, head of UK wholesale di...