New Scottish Widows Platform launched by Embark after 2021 deal

The business - which was acquired by Scottish Widows' parent Lloyds Banking Group in 2021 - said the platform has already undergone upgrades prior to its rebranding, and additional improvements are scheduled for later this year. The upcoming updates will focus on payment functionality, charging capability, and introducing new investment solutions. The platform launch comes just 18 months after the acquisition and is part of Lloyds' £150m investment in the platform and its underlying technology in a bid to improve Scottish Widows' work with advisers. Advisers are expected to benefit...