Asset Management

Lloyds ‘not entitled’ to pull £100bn Standard Life Aberdeen mandate

UK arbitration panel's decision could deal a blow to BlackRock and Schroders, which have been awarded parts of the hotly contested mandate

Lloyds ‘not entitled’ to pull £100bn Standard Life Aberdeen mandate
Photo: Getty Images

Standard Life Aberdeen has won a dispute with Lloyds Banking Group over a £100bn-plus investment mandate the UK bank withdrew last year.

SLA said in a statement on March 19 that a UK arbitration panel has ruled Lloyds was not entitled to pull the money in February 2018.

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