Lloyds Banking Group has seen its defined benefit surpluses increase along with strong performance from corporate pension provider Scottish Widows, its final results show.
The group, which is 43% owned by the taxpayer, operates a number of defined benefit schemes with the combined surplus increasing by £0.6bn to 1.5bn, a rise of 64%. The bank reported significant ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
