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    • SallyG
    • By SallyG 13th Oct 18, 8:09 AM
    • 845Posts
    • 194Thanks
    Scottish Widows/BlackRock
    • #1
    • 13th Oct 18, 8:09 AM
    Scottish Widows/BlackRock 13th Oct 18 at 8:09 AM
    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?
Page 1
    • AnotherJoe
    • By AnotherJoe 13th Oct 18, 9:00 AM
    • 14,316 Posts
    • 17,067 Thanks
    • #2
    • 13th Oct 18, 9:00 AM
    • #2
    • 13th Oct 18, 9:00 AM

    (do they mean, they will use BR passive funds as opposed to other choices?)
    Please dont criticise my spelling. It's excellent. Its my typing that's bad.
    • dunstonh
    • By dunstonh 13th Oct 18, 10:01 AM
    • 98,317 Posts
    • 66,571 Thanks
    • #3
    • 13th Oct 18, 10:01 AM
    • #3
    • 13th Oct 18, 10:01 AM
    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). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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