Lloyds to pay SLA £140m in compensation over termination of £100bn mandate
SLA to continue managing one-third of assets
SLA CEO Keith Skeoch
Lloyds Banking Group will compensate Standard Life Aberdeen (SLA) £140m for the attempted early termination of an investment management arrangement 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 "material...
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