Following the review of our asset management arrangements announced in February 2018, Schroders has been appointed as the Investment Adviser for our actively-managed funds and BlackRock will take on our passive funds. The Halifax Ethical fund’s Adviser will be Hermes Investment Management.
The new Investment Advisers will take on the relevant funds over a period of time from the end of September 2019. Standard Life Aberdeen (SLA), the current Investment Adviser, will continue to manage our passive and property funds until April 2022.
We’ll continue to work closely with SLA to ensure there’s no disruption to performance or service as we begin the process of an orderly transfer of the management of assets to our new partners. We’ll keep customers updated throughout this process.