Scottish Widows has received approval to transfer billions of pounds worth of its long - term insurance business to London in a move that raises concerns over Scotland 's standing as a financial institution . equity partners ' parent company , Lloyds , will formally announce the move in its full year results on sale .
Scottish Widows has received approval to transfer billions of pounds worth of its long-term insurance business to London in a move that rekindles concerns over Scotland's standing as a financial centre. Scottish Widows' parent company, Lloyds, will formally announce the move in its full year results on Friday.