# Standard Life Aberdeen plc Successful outcome to arbitration

- Link: https://www.directorstalkinterviews.com/standard-life-aberdeen-plc-successful-outcome-to-arbitration/412769889
- Published: 2019-03-19T07:48:43+00:00
- Author: Charlotte Edwards

**Standard Life Aberdeen plc** (LON:SLA) announced that the arbitral tribunal established
in respect of the dispute between the Company and Lloyds Banking Group / Scottish
Widows (“LBG”) has ruled in favour of the Company. In particular, the arbitral tribunal
has ruled that LBG was not entitled to give notice, on 14 February 2018, to terminate
the investment management agreements in respect of assets managed by members of 
the Standard Life Aberdeen group.

The Company is carefully considering the terms of the decision and appropriate next
steps. In the meantime, the Company will continue to manage the assets in the best
interests of LBG’s customers.

As at 31 December 2018, the value of the assets under management in respect of these
arrangements was c£100bn, and no material amount of assets has since been withdrawn.

> **Keith Skeoch, the Chief Executive of Standard Life Aberdeen, said:** “Now that
> the arbitration panel has ruled in our favour, we will carefully consider our 
> next steps, working constructively with LBG to bring the matter to resolution.”

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