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, the High Court, will formally announce the move in its full year results on Friday.
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.