Scottish Widows unveils £1.4bn suite of sustainable funds
The four strategies are managed by Schroders, Abrdn and Blackrock
The four strategies are managed by Schroders, Abrdn and Blackrock
Value assessments deem 1.24% fund fees too high
Steven Logan’s high yield fund forced to close after massive redemption
Last Word Research combines insights from three Scottish Widows retirement reports
Fund selector and author brought on board to scrutinise RLAM’s fund picks for Governed Portfolios
Assets grew 8% year-on-year ahead of landing £30bn Lloyds mandate
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
Asset managers Blackrock and Schroders are the rumoured frontrunners to oversee £109bn for Lloyd’s Banking Group (LBG), after the contract with Standard Life Aberdeen was terminated earlier this year.
Scottish Widows says Standard Life Aberdeen is a clear and material competitor and it, therefore, has the legal right to terminate its investment management agreement with the firm.
Standard Life Aberdeen has challenged Lloyd Banking Group’s decision to pull out of a £109bn contract, arguing that there are no material competition concerns.