News

Clifton Asset Management
19
Jun

Scottish Widows on the Market?

Reports in the weekend press suggest Standard Life could be linked to a takeover of competitor Scottish Widows.
This comes ahead of shareholders voting later today on the proposed mega-merger of Aberdeen and Standard Life, which goes through, will create a new asset management business with £600bn under management.
Reports are suggesting this deal could open the way for a potential merger with Lloyds Bank Group-owned Scottish Widows.
The Sunday Times referencing City sources, suggested LBG have been looking for a buyer for Scottish Widows for some time, and the newly enlarged Standard Life Group could be a prime target.