Scottish Widows ups equity holding in IFA group

Scottish Widows has increased its equity holding in intermediary group Berkeley Berry Birch to 9.8%. Scottish Widows, one of five original provider investors that supported the creation of Berkeley Berry Birch, said the move is a response to the consolidation of distribution in the financial services industry. Nathan Moss, managing director of marketing and distribution at Scottish Widows, said: 'A core part of Scottish Widows' IFA strategy is to work increasingly closely with firms to jointly develop enhanced services and more efficient ways of working.'