Scottish Widows

UBS Asset Management is to become the latest group to boost its passive fund offering in the UK, as it launches the first product in a new range for retail investors.

Kevin Addison has joined US fund of funds provider SEI as managing director of UK asset management distribution.

Scottish Widows Investment Partnership(SWIP), the asset management arm of Lloyds, is shutting down a string of its regional investment desks with the loss of 23 investment roles.

In the latest Conjecture debate, our panelists from Aberdeen Asset Management, S&P Capital IQ and Scottish Widows Investment Partnership discussed Multi Manager.

Discussions around what the post-RDR landscape will look like have tended to focus on cost and share classes but what of fund choice in 2013 and beyond? How many funds will remain in existence and how many providers?

Two Scottish Widows UK equity funds and Invesco Perpetual's UK Aggressive fund, run by Stephen Anness, have been dealt a blow after seeing their holdings in Thomas Cook fall almost 75% in value.

Managers must consider client expectations before building portfolio, Harries warns

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Lloyds is coming under pressure from shareholders to sell Scottish Widows, which could fetch the banking giant about £7bn.