Scottish Widows

Lloyds Banking Group has dismissed as "rumour" reports it may sell part of its fund management business in a bid to raise cash following its bailout by the UK Government.

Clive Cowdery's Resolution is rumoured to be in talks with Lloyds Banking Group to buy Clerical Medical for up to £4bn, according to industry observers.

Lloyds Banking Group will not close all of its Cheltenham & Gloucester branches in November as had been planned.

The Institute of Financial Planning (IFP) has launched a qualification for budding paraplanners.

Lloyds Banking Group is to cut a further 1,200 jobs with the company's insurance and IT arms expected to bear the brunt.

Lloyds Banking Group has hired Peter Curran to head up its intermediary business.

Pensions savers are losing faith in company schemes to provide for their retirement, with just two in five believing they will provide an adequate income, according to Scottish Widows.

Scottish Widows is being accused of threatening to shut down IFA agencies as the insurance giant seeks to address falling business levels.

Lloyds Banking Group is to wind down its Clerical Medical brand in favour of Scottish Widows in the coming years, it has confirmed today.

Scottish Widows Investment Partnership (SWIP) is offering its Multi-Manager Diversity fund and Absolute Bond fund through Skandia's "Selestia Investment Solutions" platform.