SLA tribunal triumph over Lloyds termination of £109bn Scottish Widows mandate

Natalie Kenway
clock • 2 min read

Standard Life Aberdeen has won a tribunal in which it claimed Lloyds Banking Group was not entitled to give notice to terminate investment management arrangements for a £109bn mandate.

On 14 February 2018, Lloyds announced it had been reviewing its Scottish Widows Wealth business including the legacy assets run by Aberdeen entities and, as a result, had given Standard Life Aberde...

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