Scottish Widows
Five UK insurers facing FCA review over customer treatment
Old Mutual, Prudential and Abbey Life are among five companies still under investigation by the Financial Conduct Authority over concerns about the transparency of exit and penalty charges in the firms’ closed-book life insurance policies.
Lloyds Bank may expand into pensions and wealth management
UK high street bank Lloyds, which owns Scottish Widows, may be about to announce a major push into pension and investment products as part of a three-year growth plan.
Woman jailed for faking own death in £140k life insurance scam
A mother and her son have been convicted of insurance fraud by UK police after the pair faked the mother’s death in Zanzibar to claim £140,000 ($174,387, € 163,557) on her life policy.
People Moves | 9 Dec 15
OMW expands team supporting financial advisers
Old Mutual Wealth has moved to strengthen its support for financial advisers in the UK with the appointment of Martin Clubbs as pensions specialist.
Charles Taylor to acquire Scottish Widows
Charles Taylor will acquire Scottish Widows International (SWIL) as it continues to expand within the international life sector.