Scrutineer: Don't Believe All You Hear On a Rollercoaster

Summary

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IF SCOTTISH Widows's asset management business is to be spun off into a joint venture with the Belgian/Dutch financial services group Fortis it will round off an interesting five years for the business bought by Lloyds TSB for nearly GBP 7 billion at the top of the market.

Word is that Lloyds TSB boss Eric Daniels wants to hold on to Widows' life assurance arm, one of the best-known brands in the market, but believes that more value could be realised if Scottish Widows Investment Partnership was a joint-venture.

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Scrutineer: Don't Believe All You Hear On a Rollercoaster

Incidentally, the story underlines the timeless truth they don't teach you in reporter school - don't expect that just because you ask the right question you will necessarily ...

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