Schroders Investor Day Presentation Deck
Transition states
A programme has been established to deliver the stand-alone
Joint Venture through five transition states
8
818
TSO
Customer
comms
In-scope Customers
notified of JV via formal
communications
Launch of the JV micro
site
April 2019
TS1
Launch of
JV OpCo
OpCo Set up under the
remit and control of LBG
Colleagues TUPE into JV
legal entity
SMR responsibilities in
place and operational
June 2019
000
TS2
Benchmark
comes online
Customer consent
obtained to
move to target
Benchmark platform
Colleagues use both
LBG and Benchmark
systems
Progressive customer
and asset migration
begins
July 2019
ā
TS3
ACD authorised and
funds transferred
New ACD is set-up and
operational
Funds transferred when
customer comms and
FCA approval is received
TS4
Change
of ownership
Share sales completed,
ownership changes to
50.1% LBG and 49.9%
Schroders
Late 2019
31
TS5
Stand-alone
Joint Venture
JV exits LBG Transitional
Service Agreements
(TSAs)
All customers are on
Benchmark
Future JV products
developed and offered
to the market
2020
Schroders
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