Scottish Widows

Plans to invest more than £3bn in strategic initiatives

This week's top stories included The Pensions Regulator naming schemes and trustees for chair's statements failures, and coverage of the final day of the Box Clever case in the Upper Tribunal.

Scottish Widows and Lloyds Banking Group's (LBG's) wealth businesses have decided to review their asset management arrangements and terminate their partnership arrangements with Standard Life Aberdeen.

Aviva has introduced Origo's bulk transfer service in a bid to speed up processes and further improve data security for schemes.

Scottish Widows has reinsured the longevity risk for around £1.3bn of its bulk annuity liabilities with The Prudential Insurance Company of America (PICA).

Lloyds Banking Group has outsourced the administration, actuarial and documentation services it provides to its Scottish Widows and Clerical Medical final salary pension clients to JLT Benefit Solutions.

Scottish Widows and Standard Life recently completed the industry's first two automated bulk transfers of occupational schemes. Michael Klimes examines how automation reduces risks

This week's top stories include Scottish Widows buying Zurich's £15bn pension business, and Now Pensions appointing Dalriada Trustees to its trustee board.

Lloyds Banking Group has agreed to acquire Zurich's UK workplace pensions and savings business, which has assets under administration of more than £15bn and around 500,000 customers.

The Cabinet Office has named Legal & General as the preferred provider for the civil service's defined contribution (DC) scheme.