Britain's biggest high street lender is in advanced talks about its biggest corporate acquisition since it was returned to full private ownership four years ago
It has grown through a string of major acquisitions, including that of Zurich's investment and retail platform last year.
It also provides white-label services for the likes of BestInvest, Charles Stanley, Coutts and Moneyfarm. It competes with the likes of AJ Bell and Pensionbee, which made its London stock market debut just weeks ago. One insider said the Embark deal would plug a gap in Lloyds' retail investment proposition and open up a more effective IFA distribution channel for Scottish Widows mutual fund products.
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