Lloyds' pension surplus rises by £1bn in six months

James Phillips
clock • 2 min read

The defined benefit (DB) pension schemes of Lloyds Banking Group saw their combined accounting surplus grow by £954m over the first six months of 2018.

The improvement was largely driven by a significant reduction in scheme liabilities, but also aided by £317m of employer contributions and a £908m re-measurement gains, the company said in its half...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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