Schroders has been appointed by Metfriendly to manage a £270m investment portfolio.

The mandate encompasses both multi-asset and short-dated credit assets.

Metfriendly provides savings, investments and protection products designed to meet the financial needs of the UK’s police. With no shareholders, all profits can be shared with members or used to fund initiatives to support the wellbeing of UK police families such as the police wellbeing dog initiative.

The group said it had recognised the “comprehensive nature” of Schroders’ investment offering, as well as the asset manager’s commitment to meeting target fund performance requirements.

Executive chairman at Schroders Solutions, James Barham, said: “The successful outcome of this appointment is the result of the collaborative efforts of numerous individuals across various teams within Schroders, demonstrating the breadth and cohesion of our investment focus.

“We are grateful for the trust placed in us and are committed to helping Metfriendly meet its investment objectives, as well as more broadly, working in partnership with the UK’s thriving mutual sector.”

Metfriendly CEO, Annette Petchey, added: “We are pleased to be working in partnership with Schroders at this important time for Metfriendly. Schroders’ partnership approach and professional expertise combined with our shared values, has established a firm foundation for our plans to support even more police families across the whole of the UK.

“UK police families are under significant pressure and we are keen to work with our partners to help provide financial resilience and reassurance for this very important group of people.”

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