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F&C hit by fall in assets figures

F&C Asset Management suffered a dip in its assets under management (AUM) in the third quarter but chairman Edward Bramson said the signs were still encouraging.

F & C reported AUM of £96.8 billion, a figure down from £98.2bn at the end of June.

But that was due to previously announced withdrawals by strategic partner Friends Life, at fees of only 0.08%.

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