A "major" deal to sell off an international part of Lloyds Bank was brought to the brink of collapse due to the weight of pension commitments.
The cliff-edge moment was revealed by former Lloyds Bank head of international pensions and benefits Trevor Sparrow, as he explained how important the financial demands of pensions and other workpl...
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
