Scottish Widows Investment Partnership (SWIP) has relocated its fund management arm to Edinburgh in Morrison Street, opposite the home of Scottish Widows Group.
Commenting on the new headquarters, SWIP CEO Bill Main, said: “We are delighted to be have moved to Edinburgh One. Having our own building in Edinburgh, combined with our existing facilities in Fleet Place, London, will reinforce our role within the Scottish Widows and Lloyds TSB Groups whilst underlining our separate identity as a top UK asset manager.”
By Janet Du Chenne
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.