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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Regulation

Chancellor urged to reform pensions tax relief to raise £10bn

Chancellor urged to reform pensions tax relief to raise £10bn

Fabian Society report says chancellor could raise £10bn by ‘cutting and reforming pensions tax relief’

Jasmine Urquhart
clock 27 August 2024 • 1 min read
Two in five schemes yet to engage with general code

Two in five schemes yet to engage with general code

LCP finds almost half have completed a gap analysis but several have only ‘briefly’ looked at code

Jasmine Urquhart
clock 26 January 2024 • 2 min read
TPR: Imperative for industry to grasp opportunity of regulatory changes

TPR: Imperative for industry to grasp opportunity of regulatory changes

Regulator urges industry to drive consolidation for the benefit of savers

Martin Richmond
clock 24 November 2023 • 3 min read
Trustpilot