Lloyds Banking Group has announced it is to withdraw £109bn of assets currently managed by Standard Life Aberdeen for Scottish Widows as it is a "material competitor" following the Standard Life Aberdeen merger.
In a stock exchange announcement, Lloyds said it had been reviewing its Scottish Widows Wealth business including the legacy assets run by Aberdeen entities and, as a result, it had given Standard Life...
Deal for financial planning and investment assets
Fixed income 'surprise winner'
Poor practice highlighted
Catching up with the Influencers
Available to FinaMetrica subscribers