BlackRock has been selected by Lloyds to run £30bn of index strategies for Scottish Widows, part of a £109bn investment contract set to be withdrawn from Standard Life Aberdeen (SLA), as the groups work together on a potential partnership.
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, with Lloyds giving...
Creates £11bn asset management business
And more competition
Launched November 2018
£15m group claim