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IFA focus will continue – Scottish Widows

IFAs will continue to be the main distribution channel for Scottish Widows in the wake of a £7bn take over by Lloyds TSB.


Widows group chief executive Mike Ross told a London press conference that IFAs, which account for 90 per cent of Widows&#39 business, will continue to be the company&#39s main focus under its new owner.


But Widows, which will stay in Scotland, will also have its products distributed by Lloyds TSB&#39s distribtion network.


Lloyds TSB chairman Lawrence Urquhart said the company was keen for Widows to continue its links with Royal Bank of Scotland but would have to open talks.


Widows is involved in a number of joint ventures including Tesco Personal Finance.

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