Santander to target IFAs with UK fund duo

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Santander has revealed its £898m UK Growth and £148m UK Equity Income funds will be two of the first funds from its range it will promote to the IFA market in the first half of next year.

Currently, Santander's fund suit is only available through tied advisers, but the group plans to target the IFA market once it has completed the integration of Abbey, Alliance & Leicester and Bradford & Bingley. Marketing director Rob Askham says the funds, run by Richard Moore and Hak Salih, have become the group's key strengths since they were brought in-house in July 2007. "These are two of our core UK funds and they now have significant scale and attractive long-term performance," Askham says. "They operate in very popular sectors, and would be highly attractive to a broad base...

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