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Scottish Widow

Scottish Widows sells offshore business to RL360

Scottish Widows has sold its offshore life business Clerical Medical to investment group RL360. Clerical Medical has been running as a closed business since March 2012 after Scottish Widows parent Lloyds Bank moved to refocus on core UK banking and insurance operations. The business consists of around 24,000 policies, with over £5bn assets under management, […]

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Standard Life warns advisers over ‘sophisticated’ email scams

Standard Life has warned advisers they may be liable for losses if they accept instructions from “sophisticated” scammers who hack into clients’ email accounts. In an email to advisers last week, Standard Life said hacking scams that resulted in money being taken from the provider’s products last year were continuing. But it said the “language, grammar […]

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