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Lloyds and Schroders joined forces aiming to expand

Lloyds together with Schroders yesterday announced they had made an agreement worth several billion pounds on wealth management that is looking to revolutionize saving and investment among the UK people.

The agreement is one of the top events of this sort struck by a UK bank and a fund managing firm, joining investment offering of Schroders and massive clientele along with broad distribution capabilities of Lloyds.

This regenerates a common partnership scheme of banks and insurers, which has been the main model in Europe for years. They set a goal of taking one of the top three positions among Britain’s financial planning projects in the span of 5 years.

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