Lloyds and SLA settlement would see £30bn snatched from Blackrock
Passives mandate had been destined for Blackrock
Passives mandate had been destined for Blackrock
Raft of appointments adds certainty to joint venture after Standard Life Aberdeen hiccup
UK retail bank had been planning a foray into wealth management with Schroders
Fund selector and author brought on board to scrutinise RLAM’s fund picks for Governed Portfolios
Commentators say it could rival SJP for drawing the ire of the advice industry
Lloyds/Schroders JV is ‘first proper’ challenger to market leader SJP
Lloyds takes 20% stake in Cazenove as Schroders nabs £80bn Scottish Widows contract
Assets grew 8% year-on-year ahead of landing £30bn Lloyds mandate
Slice of the £109bn mandate would boost sluggish AUM growth
But industry commentators argue it will be ‘a low margin business’
Cazenove Capital stake could seal the deal for £109bn mandate
Goldman Sachs now a rival to Lloyds due to its UK retail bank