Lloyds to pay SLA £140m in compensation over termination of Scottish Widows mandate

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Lloyds Banking Group will compensate Standard Life Aberdeen (SLA) £140m for the attempted early termination of an investment management arrangement for Scottish Widows worth over £100bn.

In February 2018, Lloyds said it had given SLA a 12-month notice period for the termination of the arrangement as a result of a review of its Scottish Widows Wealth business due to the pair being "...

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