Scottish Widows Investment Partnership (SWIP) has seen outflows of £6.6bn from the business in 2012, after investors opted to move out of its insurance products.
Former SWIP UK equities manager Jeremy Charles has joined wealth management boutique Thurleigh Investment Managers.
Leading fixed income managers have been adding exposure to peripheral eurozone bonds as value dries up in the investment grade corporate space.
The number of assets in underperforming 'dog' funds has more than halved since last summer but over £12bn is still stuck in such offerings, according to Bestinvest's latest Spot the Dog list.
The SWIP Absolute Return Bond fund received a significant boost in Q4 from exposure to the European periphery, such as Italy and Spain.
Scottish Widows Investment Partnership (SWIP) has expanded its wholesale sales team with a double hire and finalised its RDR investment offering.