Lloyds strategic partnership pushes Schroders 2019 inflows to record £43bn

Institutional and mutual funds business suffers outflows

Schroders has enjoyed record inflows of £43.4bn during 2019, more than quadruple the £9.5bn it took in the previous year, with the majority of this attributable to the Scottish Widows mandate and the Schroders Personal Wealth venture.

The Scottish Widows mandate into Solutions strategies brought £32bn into the business, while the Schroders Personal Wealth venture delivered another £12.6bn. However, without this boost from its relationship with Lloyds Banking Group, the business would have suffered net outflows of £1.2bn. A large proportion of the outflows was seen from the institutional part of the business, which shed £7.1bn, while mutual funds also saw £1.5bn of outflows. However, private assets and alternatives were in demand, with this part of the business taking in £2.8bn. Total inflows into solutions came ...