COMMENT ON LBG SCOTTISH WIDOWS AND CLERICAL MEDICAL
April 29, 2009
Commenting on today's (29 April) announcement by Lloyds Banking Group (LBG) on the merger of intermediary sales forces at Scottish Widows and Clerical Medical and the future continued use of the Scottish Widows brand, Owen Kelly, chief executive of Scottish Financial Enterprise, said:
" Today's announcement is part of a continuing process of change, and comes after extensive research by LBG.
" Scottish Widows is one of the UK's strongest financial services brands, with a long history and high recognition factor. While the reduction in job numbers is of course regrettable, it is good to see that Scottish Widows will continue to deliver its pension products from Edinburgh.
" In announcing its decision, LBG made staff communications the priority - that was the right thing to do."
