Schroders has said it has completed the on-boarding of £75bn Scottish Widows and Lloyds insurance wealth-related assets after the strategic announcement of the two groups in 2018.
The transfer of assets, which the companies claimed to be the largest shift undertaken in the UK, was completed through seven tranches between September 2019 and March 2020. The mandates are made up of more than 320 portfolios, includes multi-asset, multi-manager, fixed income, property funds and more. Lloyds strategic partnership pushes Schroders 2019 inflows to record £43bn Schroders Group chief executive Peter Harrison (pictured) said: "We are incredibly proud of the work done to achieve this milestone, which is the culmination of a year-long project by a dedicated team of Schr...
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