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Scottish Widows is looking to expand the 350-strong workforce at its banking operations in Edinburgh by 10% a year. 10-Mar-2006 Scottish Widows, the insurance company, is to transfer 125 data processing jobs from Edinburgh to India. 29-Aug-2005 Scottish Widows is planning to exit from a number of non-core areas, such as long-term care insurance products, following a review of its operations. 12-Jul-2004 Scottish Widows is to outsource the back office functions of its investment management business to State Street of the US, including trustee, custody, accounting and investment administration. 12-Oct-2000 Lloyds TSB is to acquire Scottish Widows for £7bn, and a new division will be set up in Edinburgh to combine their life, pensions, and unit trust operations. 24-Jun-1999 Scottish Widows is to conduct a review of its life assurance and pensions business, prompting speculation that it could abandon its mutual status by opting for a £5bn flotation. 14-May-1999 Scottish Widows has announced plans to build a £6m leisure complex in Scarborough town centre, including multiplex cinema, restaurants and shops. 06-Apr-1999 Tesco is test-marketing a pension product at 20 of its stores, in a joint venture between its Tesco Personal Finance division and Scottish Widows. 03-Jun-1998 Scottish Widows has ended its Electronic Market joint venture with Phonelink, which was designed to market the Tel-Me electronic trading platform, and the two companies will now develop electronic commerce systems independently. 15-Aug-1997 Royal Bank of Scotland has agreed to sell 50% of its shares in Direct Line Life Holdings to Scottish Widows for undisclosed terms. 02-Jul-1997 Scottish Widows has acquired a 30% stake in Royal Scottish Assurance, the Royal Bank of Scotland subsidiary, as part of an alliance in life assurance and savings between the two companies. 14-May-1997 Scottish Widows is to set up a life assurance company in Jersey to supply investment products to expatriates and international investors. 26-Feb-1997 Scottish Widows is to acquire a 20% stake in Royal Scottish Assurance, the Royal Bank of Scotland life assurance subsidiary, and will also become a partner in Direct Line Life, the life assurance business of Direct Line. 15-Nov-1996 Phonelink is setting up a joint venture with Scottish Widows to develop the Tel-Me electronic trading platform. 08-Nov-1996 Sales of life insurance started to pick up again in the second half of 1995, according to sales figures from Scottish Widows, Legal & General, Britannic Assurance and Lloyds Abbey Life. 19-Jan-1996
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