Schroders completes £75bn transfer of Scottish Widows and Lloyds Banking assets

Seven tranches

Tom Ellis
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Peter Harrison: "It is all the more significant that this has been completed on time and on target, despite the challenging conditions of recent weeks due to the Covid-19 situation."
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Peter Harrison: "It is all the more significant that this has been completed on time and on target, despite the challenging conditions of recent weeks due to the Covid-19 situation."

Schroders has has completed the on-boarding of £75bn Scottish Widows and Lloyds insurance wealth-related assets after the strategic announcement of the two groups in 2018.

The transfer of assets, which the companies claimed to be the largest shift undertaken in the UK, was completed through seven tranches between September 2019 and March 2020. The mandates are made up...

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