Scot­tish Friendly closes takeover

The Scotsman - - Business -

Glas­gow-based mu­tual Scot­tish Friendly has taken over bun­dled group pen­sion busi­ness from Mo­bius Life, a provider of in­sti­tu­tional ser­vices to cor­po­rate pen­sion schemes in the UK.

The pro­posed deal had been an­nounced in June. Scot­tish Friendly boss Jim Gal­braith hailed the move as a “tan­gi­ble out­come of our strat­egy to diver­sify and grow the busi­ness”.

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