BlackRock, JPMAM and Schroders bid for Lloyds mandate

Contract withdrawn from Standard Life Aberdeen

Beth Brearley
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Lloyds said there had been an "enormous amount of interest" in the tender
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Lloyds said there had been an "enormous amount of interest" in the tender

BlackRock, JP Morgan Asset Management and Schroders are among the firms vying for a £109bn investment contract put up for tender by Lloyds Banking Group, having made it through to the second round of bids.

In February, Lloyds announced it would withdraw £109bn of assets managed by Standard Life Aberdeen (SLA) for Scottish Widows since 2014 on the grounds of competition between the insurers. Following...

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