lloyds banking group

Scottish Widows managing director of pensions Jackie Leiper will now run the platform business

Defined benefit (DB) schemes that provide GMPs must revisit and, where necessary, top-up historic cash equivalent transfer values (CETVs) that have been calculated on an unequal basis, a landmark court judgment said last week.

Thirteen recommendations for the Money and Pensions Service (Maps) have been laid out in an independent report to address the “urgent” financial wellbeing implications of the coronavirus pandemic on Britons.

Seven tranches

Mark Smith looks at the next instalment of the Lloyds Bank's GMP equalisation court hearing, and what it could entail for pension transfers.

Scottish Widows is aiming to boost its sustainability practices by working under a new responsible investment and stewardship framework.

Scottish Widows completed five bulk annuity transactions in 2019, with liabilities insured exceeding £2bn.

This week’s top stories included Lloyds agreeing a £10bn longevity swap with Pacific Life Re for three of its pension schemes, and the Co-operative Pension Scheme completing a £1bn buy-in with Aviva.

Lloyds Banking Group has secured one million new pension customers since the start of 2018, according to its half year results to 30 June.