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F & C sees £1.8bn outflow in Q1 - Niche Market Recruitment - Emu Consulting

F & C sees £1.8bn outflow in Q1

F&C is blaming uncertainty over its future for assets under management falling from £103.6bn in December 2007 to £101.8bn in March this year.

As well as adverse market conditions, the company cites corporate uncertainty as a potential reason for a delay in delivering its three-year plan to bolster the business.

Earlier this year, 52 per cent shareholder Friends Provident said it no longer sees F&C as part of its revised strategy.

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