Lloyds strikes deal with Zurich UK

Yorkshire Post - - BUSINESS -

FI­NANCE: Lloyds Bank­ing Group will take con­trol of £15bn of as­sets af­ter agree­ing to ac­quire Zurich UK’s pen­sions and sav­ings busi­ness as it delves deeper into the retirement mar­ket.

The deal will see Lloyds’ Scot­tish Wi­d­ows unit scoop up 500,000 cus­tomers in a move that “ac­cel­er­ates the de­vel­op­ment of its fi­nan­cial plan­ning and retirement busi­ness”.

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