Scottish Widows to leverage Embark after Lloyds purchase

Scottish Widows managing director of pensions Jackie Leiper will now run the platform business

Jenna Brown
clock • 1 min read
Scottish Widows managing director of pensions, stockbroking and distribution Jackie Leiper
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Scottish Widows managing director of pensions, stockbroking and distribution Jackie Leiper

Platform business Embark and its subsidiary brands have been sold to Lloyds Banking Group in a £390m deal that will now see Scottish Widows leverage its capabilities.

The deal, which is subject to regulatory approval, was announced today (29 July) sees Lloyds acquire about £35bn in assets under administration on behalf of 410,000 consumer clients.  Scottish W...

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