Frank Russell, the global multi-manager, is entering into an alliance with Scottish Widows that will see an offering of multi-manager products to the UK retail market for the first time.

The new Scottish Widows/Russell multi-manager programme will use over 50 specialist investment managers, ranging from high-profile firms such as Fidelity, JPMorgan, Schroders, and Putnam, to brands such as Peachtree, Jacobs Levy, and Oppenheim Capital, which are less well known in the UK market.