Lloyds chief reassures over Cler Med/Scot Wids

Although Daniels said no concrete decision had yet been made, he described the “strength” of each of the firms’ existing brands as one of the “pulses” behind the deal, which is close to completion. “As we have said previously, one of the biggest pulses of the deal is the strength of the many brands held by the combined group,” he said. Daniels’s comments also refer to questions raised over the fate of Insight Investments and Scottish Widows Investment Partnership (SWIP), which some commentators said would struggle to co-exist given their similar business models and investment offerings....