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The Independent UK

Business

Anna Wise

Lloyds set to take control of Schroders wealth tie-up in ‘mass affluent’ push

Schroders Lloyds

Lloyds is set to scrap its wealth management tie-up with Schroders and take control of the unit (Stefan Rousseau/PA) - (PA Wire)

Lloyds is set to scrap its wealth management tie-up with Schroders and take control of the unit amid efforts to sharpen its focus on more affluent customers.

The banking group is considering buying out Schroders’ 49.9% stake in Schroders Personal Wealth (SPW).

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