Make uncomfortable decisions part of your strategy

first_img 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr “Those who succeed were—at one point or another in their lives—willing to put themselves in situations that were uncomfortable , whereas the unsuccessful seek comfort from all their decisions.”—Grant Cardone, The 10X Rule, as quoted in Content, Inc.After your strategic planning session ends, how comfortable are you? If you’ve really stretched yourself and forged a bold vision for the next several years you should feel a little uncomfortable. Why? Because as John Maxwell once said, “Discomfort is a sign of growth.”But too many times in our planning sessions we don’t push our credit unions or banks. Not really. We fall back into comfort zones. Strategies we know. Action plans we can accomplish. Deadlines we can meet.We make easy choices rather than hard decisions. We push those “elephant in the room” discussions to the following year. We leave things unsaid. We don’t tackle the really challenging issues that are holding back our organization.However, to truly succeed you need to make uncomfortable decisions part of your strategy.Here are some difficult things you might need to consider: continue reading »last_img read more

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Standard Life Aberdeen and Lloyds settle dispute over £104bn contract

first_imgLloyds Banking Group has reached a settlement with Standard Life Aberdeen (SLA) over a £104bn (€116.5bn) fund management contract after the bank attempted to sack the asset manager last year.The settlement, announced by SLA this morning, means Lloyds will pay £140m in compensation and retain the asset manager for a £35bn mandate, comprising £30bn of passive assets and £5bn in real estate funds, until at least April 2022.Lloyds announced that it intended to retender the contracts – which predominantly related to its subsidiary Scottish Widows – in February 2018. It claimed that the merger between Aberdeen Asset Management and Standard Life in 2017 meant its investments were being run by a competitor in the insurance market.SLA challenged Lloyds’ decision, and a tribunal ruled in March this year that Lloyds could not terminate the investment contracts as it had intended. The settlement could mean delays to Lloyds’ plan to set up a £13bn wealth management business in a joint venture with Schroders. The two firms announced in October 2018 that the FTSE 100-listed asset manager would also run £67bn in insurance assets.In addition, the deal could also delay a £30bn passive management contract that Lloyds awarded to BlackRock, announced in October last year. The bank also said it was pursuing a strategic partnership with BlackRock, including collaboration in alternative asset classes, risk management and investment technology.A spokesperson for Scottish Widows told IPE: “We are pleased to have been able to reach agreement with Standard Life Aberdeen. We will continue to work closely with SLA to ensure there is no disruption to performance or service as we begin the process of an orderly transfer of assets to our new partners.“There will be no immediate changes for our customers and we’ll keep them updated throughout this process.”In its statement this morning, SLA said assets would transfer to “third-party managers” in a series of tranches over the next nine months.Chief executive Keith Skeoch added: “We are pleased with the settlement with [Lloyds] and believe that it represents a fair and positive outcome for both parties. We look forward to building on our relationship with [Lloyds] and continuing to deliver positive outcomes for their customers.“The retention of assets in our passive strategies as well as active real estate portfolios positions us to benefit from scale and growth in these growing parts of the asset management industry.”Timeline Lloyds Bank branchNovember 2013 – Aberdeen buys Scottish Widows Investment Partnership, bringing on board assets managed on behalf of Scottish Widows clients.March 2017 – Aberdeen Asset Management merges with Standard Life in an £11bn deal.February 2018 – Lloyds Banking Group announces plans to terminate the contract with Aberdeen Asset Management, then worth £109bn.September 2018 – Standard Life Aberdeen sells its insurance business to Phoenix Group.October 2018 – Lloyds appoints Schroders to run roughly £67bn of insurance assets and establish a new £13bn wealth management business.October 2018 – BlackRock is appointed to run approximately £30bn in passive assets on behalf of Lloyds and Scottish Widows.March 2019 – A tribunal rules that Lloyds cannot sack Aberdeen from the contract as it intended.last_img read more

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Big East schedule released for Syracuse’s final season in conference

first_img Published on September 5, 2012 at 12:53 pm Contact Ryne: [email protected] The Big East announced its men’s basketball conference schedule for the 2012-13 season, which will be Syracuse’s last in the league before it moves to the Atlantic Coast Conference.The conference will have 56 percent of its games televised nationally on ESPN, ESPN2, ESPNU and CBS Sports, according to a Big East press release Wednesday.“Big East men’s basketball and unparalleled national media exposure have always been synonymous,” Big East commissioner Mike Aresco said in the release. “The 2012-13 schedule is unmatched in its scope of telecasts nationally, regionally and locally.”Syracuse will play Villanova, Georgetown, Louisville and Providence twice during its 18-game conference slate. SU enters the season as the defending regular season conference champions and opens Big East play against Rutgers in the Carrier Dome on Jan. 2. The Big East tournament will take place in Madison Square Garden from March 12-16.Among the highlights on the Orange’s conference schedule is its regular-season finale matchup in Washington, D.C. with the Hoyas, a game that could be the final time the schools play as conference rivals. The game is set for March 9 at noon and will be featured on ESPN College GameDay.AdvertisementThis is placeholder textNo conference team plays more than two consecutive road games, something the Orange does three different times. Comments Facebook Twitter Google+last_img read more

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