BlackRock, JP Morgan Asset Management and Schroders are among the firms vying for a £109bn investment contract put up for tender by Lloyds Banking Group, having made it through to the second round of bids.
In February Lloyds announced it would withdraw £109bn of assets managed by Standard Life Aberdeen (SLA) for Scottish Widows since 2014 on the grounds of competition between the insurers. Following a...
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