Articles - Scottish Widows on the market again?


 The London Evening Standard has reported that Edmund Truell, founder of private equity company Duke Street, has made a multi-billion bid for Lloyds Bank-owned Scottish Widows. He is bringing a new bid vehicle, Tungsten, to the stock market and could also be interested in Direct Line, according to the Financial Times.
 The sale of Scottish Widows was ruled out last year in a strategic review by Lloyds chief executive Antonio Horta-Osorio but Lloyd's has received a number of other approaches recently.

 Insurance Newslink comments: the sale of Scottish Widows has been on and off for a number of years. Regulatory issues such as the introduction of the Retail Distribution Review(RDR) in the UK and Solvency II at the European level will no doubt be a consideration for both the buyer and seller.

Back to Index


Similar News to this Story

Mortality - what LGPS Funds and employers must know for 2026
Member mortality is one of the key considerations of LGPS funding. Pension benefits are paid for life, so how long members are expected to live has a
Don’t get wound up by data - get your data ready for wind-up
Plan early, resolve gaps and coordinate workstreams – Sarah Greenwood and Alice Fletcher set out how to reduce risk and speed up the journey to buyout
Connecting the dots in the fight against Insurance Fraud
Fraud remains one of the most significant threats facing the U.K. financial services sector. It is the most prevalent crime against individuals in Eng

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.