Philbin eyes up £1 billion target

The F&C retail fund of funds business edged further towards an eye popping billion pounds of assets under management this week as the combined range broke through the £900 million barrier. F&C’s presence as a market leader in this area has been boosted in recent weeks by the launch of its new LifeStyle fund of funds range.

“Although F&C has been involved with funds of funds for two decades, the growth over the last five years has been transformational. We’ve had really superb support from Independent Financial Advisers,” said Richard Philbin, F&C’s Head of Fund of Funds.

“The new LifeStyle funds will take us on to the next level by providing a real value added service to advisers which recognises the issues they face in addressing Treating Customers Fairly and provides them with a genuinely unique solution linked to Dynamic Planner. I am very excited about the prospects for both the existing funds and the LifeStyle range,” he concluded, “and we’re keeping our fingers crossed that we can get to a billion pounds so that we can hold a suitably memorable party!”