Scottish Widows ‘surprised’ by Standard Life Aberdeen challenge
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.
Scottish Widows
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Standard Life Aberdeen challenges Lloyds over axed £109bn contract
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.
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Failed Scottish Widows merger behind Lloyds’ £109bn exit
A failed merger between Lloyds Banking Group’s subsidiary Scottish Widows and Standard Life Aberdeen’s pension and assurance arm was behind the FTSE 100 bank’s decision to terminate its contract with the fund group, it was revealed over the weekend.
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Standard Life Aberdeen shares hit as Lloyds bids adieu
Standard Life Aberdeen has lost its biggest client, Lloyds Banking Group (LBG), after the FTSE 100 bank decided to pull more than £100bn assets over competition concerns.
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Shareholders sign off on Standard Life/Aberdeen mega-merger
Aberdeen Asset Management and Standard Life shareholders have emphatically approved the firms’ merger, paving the way for one of the biggest ever deals in the sector.
