Lloyds Banking Group has railed against comments made by Standard Life Aberdeen (SLA) in a stock exchange announcement this morning, disputing Lloyds' request to terminate asset management arrangements between the two companies, which would lead to the withdrawal of a £109bn Scottish Widows portfolio.
On 15 February, Lloyds Banking Group announced plans to withdraw £109bn of assets currently managed by SLA for Scottish Widows as the bank had been reviewing its Scottish Widows Wealth business including...
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