Lloyds Banking Group moves £6bn pension fund in house
New provider Scottish Widows is overhauling its offering
New provider Scottish Widows is overhauling its offering

Move by Lloyds Banking Group-owned pension provider comes as government pushes for more investment in British companies

Consolidation of funds makes evident sense, bringing economies of scale and scope

Bank’s joint venture with Schroders was hampered from the start, though neither is giving up on the sector

Talks with private capital firms have focused on operational hurdles for retail customers

Pullback underscores concerns about looser underwriting standards and rising credit risks

British pension schemes will soon be forced to support my portfolio