Lloyds Bank and London police team up to tackle fraud
Sponsorship agreement will see £1.5m invested in policing initiatives
Sponsorship agreement will see £1.5m invested in policing initiatives
Asset managers Blackrock and Schroders are the rumoured frontrunners to oversee £109bn ($144.3bn, €123.5bn) for Lloyd’s Banking Group (LBG), after its 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 ($148bn, €124bn) contract, arguing that there are no material competition concerns.
In a major push to expand into the financial planning and retirement industry, Lloyds Banking Group is looking to increase its open book assets in the sector by more than £50bn ($69.9bn, €56.5bn) by 2020, according to the company’s 2018 strategic plan.
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.
UK investors shrugged off leaving the EU, German election uncertainty, terrorism, the fall in the pound and a shaky housing market to say they were feeling bullish.
Investors are less confident about the UK now than they were in the aftermath of the Brexit vote or the UK snap election, according to the latest reading from the Lloyds Private Bank Investor Sentiment Index (LPBIS).
Investors are moving on from US equities in favour of UK gilts and gold according to the latest Lloyds Bank Investor Sentiment Index.
UK high street bank Lloyds, which owns Scottish Widows, may be about to announce a major push into pension and investment products as part of a three-year growth plan.
Investors in the United Kingdom are less enthusiastic about US equities under the shadow of the presidential election, according to the latest figures from the Lloyds Bank Investor Sentiment Index.
Investor sentiment has taken a significant hit following the turbulent start to 2016, falling in February to its lowest level since May 2013, according to Lloyds Bank.