It has been reported that Lloyds Banking Group PLC (LON:LLOY) is planning to sell its stakes in IFA insurance.
Lloyds Banking Group PLC (LON:LLOY) Selling Insurance Stake
Reports say that the UK based financial giant Lloyds Banking Group PLC (LON:LLOY) is selling a part of IFA insurance as part of its strategic review.
Horta-Osorio, chief executive of Lloyds Banking Group PLC (LON:LLOY) said, “The RDR will make IFAs consolidate and charge a fee for their advice, meaning many customers will not be able to afford their service and an advice and distribution gap will be created.”
Lloyds Banking Group PLC (LON:LLOY) company shares stood at 47.92 at the end of the last trading session.
Last Price: 47.92
52 Week Range: 42.79- 91.95
Last Vol: 40879968
3 Month Vol: 160610000
