1999
In December, Britannic Group plc acquired a 75% controlling interest in our investment operations from Britannia Building Society which retained a 25% stake. We changed our name to Britannic Asset Management.
1998
In July, Britannia Asset Management (BAM) was set up as a holding company for Britannia Investment Managers and Britannia Fund Managers, bringing the two companies under one brand name.
Our funds under management at the end of the year had grown to over £7.7bn.
1997
An important watershed was reached this year when third party funds under management grew to be more than 50% of total funds under management (£5.9bn) for the very first time.
1996
In July we announced our acquisition of the third party funds of Scottish Amicable Investment Managers (SAIM). As a result, total funds under management increased to £5.5bn. The Amicable Smaller Enterprise Trust also transferred as part of this acquisition, providing us with our first step into the investment trust market.
1995
Ownership of Britannia Life's investment operations was transferred to Britannia Building Society. Britannia Investment Managers (BIM) and Britannia Fund Managers (BFM) were then established as separate subsidiary companies of the Society.
The move gave BIM and BFM the opportunity to develop independently from the life office as specialist investment companies.
1993
Britannia Life purchased The Life Association of Scotland, a similar sized life and pensions company.
This boosted funds under management to £2.8bn.
1991
Britannia Life acquired Crusader Insurance, another life company which extended the product range and increased funds under management.
1990
In a pioneering move, FS Assurance (a mutual) and its in-house investment team merged with Britannia Building Society and became Britannia Life (a non-mutual). At this point, funds under management totalled around £280m.