Aberdeen wins £109bn dispute with Lloyds group

Pedro Gonçalves
clock • 2 min read

Standard Life Aberdeen has won a dispute with Lloyds Banking Group over a £100bn-plus investment mandate the UK bank withdrew last year, meaning that bank is likely to have to pay out hundreds of millions of pounds in fees. The tribunal found Lloyds should not have given notice to terminate the management agreement between the two firms following the merger of Standard Life and Aberdeen Asset Management. The row between two of the UK's biggest financial services providers centred on a £...

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