SLA tribunal triumph over Lloyds termination of £109bn mandate

Lloyds 'not entitled' to give notice

Natalie Kenway
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SLA chief executive Keith Skeoch
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SLA chief executive Keith Skeoch

Standard Life Aberdeen has won a tribunal in which it claimed Lloyds Banking Group was not entitled to give notice to terminate investment management arrangements for a £109bn mandate.

On 14 February 2018, Lloyds announced it had been reviewing its Scottish Widows Wealth business including the legacy assets run by Aberdeen entities, and as a result, it has given Standard Life Aberdeen...

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