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Bank to keep Scottish Widows

Scottish Widows - logo

Lloyds TSB has decided to keep Scottish Widows and cancel previous plans to sell it.

 

The life insurer will be at the heart of a new bancassurance proposition, and will be building specialised advisor teams for customers.

 

The bank is also committed to maintaining its UK branch network at the current level.

Life insurance news: 8 July 2011