F&C warns of ‘significant headwinds’ as it posts £19bn net outflow
- In its results covering the full year to december 2013, the asset manager reported a net inflow in its consumer and instituional business of £1.3bn.
- Statutory profit after tacx came in at £10.2m, against £2.6m the previous year.
- Chied executive Richard Wilson said: “The group faces significant headwinds in the short term as our steategic partner assets decline.