RSA Investments in retail fund shake-up

retail fund range taken under ISis banner as part of £240m FIS deal

RSA Investments' retail fund range is to be rebranded under the Isis banner. The move will take place as part of the £240m deal in which Friends Ivory & Sime (FIS) becomes the investment manager for the UK life assurance and general funds of the RSA group for an agreed 10-year period. Isis was launched as a brand last August when FIS acquired the Friends Provident retail funds business. As part of the merger, the RSA Investments and FIS investment teams will be integrated into one office in London. Howard Carter, chief executive of FIS, said: 'We will be based in Wood Street, where ...