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Scottish Widows is a life insurance and pensions company located in Edinburgh, Scotland, and is a subsidiary of Lloyds Banking Group. Its product range includes life assurance and pensions . The company has been providing financial services to the UK market since 1815.
For example, the Prudential Property Services office in Hanwell was originally an independent agency, purchased by Prudential for £200,000: it was subsequently sold off to Rolfe East Estate Agents for £1. [18] The western division of Prudential Property Services was sold to Scottish Widows to join their Connells Estate Agents chain.
Scottish Widows Investment Partnership (SWIP) was an asset management company based in Edinburgh, Scotland. It was one of Europe's largest asset management companies, with £146 billion of funds under management as at 31 December 2013. [ 1 ]
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In 1999, the group agreed to buy the Scottish Widows Fund and Life Assurance Society for £7 billion. [32] The society demutualised in 2000, shortly before the acquisition was completed. [ 33 ] In 2001, Lloyds TSB made a bid to acquire Abbey National ; however, the bid was blocked by the Competition Commission , who ruled that a merger would be ...