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Scottish Widows/BlackRock
SallyG
Posts: 850 Forumite
SW announce:
Following the review of our asset management arrangements announced in February 2018, we have selected BlackRock to manage £30bn of passively managed assets, out of the £110bn of assets that were in the scope of the review.
manage £30bn of passively managed assets,
What will that involve?
Following the review of our asset management arrangements announced in February 2018, we have selected BlackRock to manage £30bn of passively managed assets, out of the £110bn of assets that were in the scope of the review.
manage £30bn of passively managed assets,
What will that involve?
0
Comments
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LOL
(do they mean, they will use BR passive funds as opposed to other choices?)0 -
What will that involve?
Lloyds mostly paid state street to do it previously. Now they are going to pay Blackrock. it will be for commercial reasons as Lloyds find another way to reduce its costs with SW.
Passive funds still need management.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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