All Lloyds Banking Group articles
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People NewsAppointments: Muse hires admin expert from Hymans
The latest hires, promotions and appointments for the week ending 12 December 2025.
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NewsMPs back tax return solution for self-employed retirement savings
The All-Party Parliamentary Group on Financial Resilience has thrown its weight behind using the tax system to help the self-employed save for retirement.
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NewsLloyds Bank Pension Scheme signs £5.5bn longevity swap
On the go: The circa £21.4bn Lloyds Bank Pension Scheme No.1 has entered into a £5.5bn longevity insurance and reinsurance arrangement with Scottish Widows and SCOR.
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DB scheme trustees to revisit thousands of past transfers
On the go: Trustees of defined benefit schemes will have to revisit pension transfers from the past 30 years if the individual had contracting-out benefits, and provide a top-up if necessary.
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GMP ruling implementation will be ‘Herculean’ task for schemes
A ruling on guaranteed minimum pension equalisation will see trustees having to revisit 30 years of pension transfers, which will be a “Herculean” task for administration teams amid missing data and poorly kept records.
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NewsDWP steps in at Lloyds’ GMP past transfers hearing
Government lawyers have dealt a blow to trustees hoping not to have to apply guaranteed minimum pension equalisation to past transfers, branding the argument from Lloyds Banking Group in a high-profile court case “misconceived”.
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OpinionGMP equalisation: Was it worth it?
Equality is a noble principle. But try applying this concept to pensions and you get all sorts of complications and perverse outcomes.
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Lloyds pension schemes agree to £10bn longevity swap
On the go: The trustee of the Lloyds Bank pension schemes has agreed to a £10bn longevity swap deal with Scottish Widows and Pacific Life Re.
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OpinionWill open finance transform financial services?
Henry Tapper, chief executive of new pensions consolidator AgeWage, analyses how open finance will transform the way consumers view and interact with their pensions.
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NewsLawyers demand simpler system to rectify drafting mistakes
Lawyers are urging reform to ease the correction of obvious drafting mistakes in pension scheme rules, after Lloyds Bank was forced to go to the High Court to avoid a £25m hit to its liabilities.
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Pension cuts for FTSE directors moving at snail’s pace
Data crunch: Despite 30 FTSE 100 companies having already announced changes to their pension contribution rates for executive directors, there is still a long wait to go until there is parity in contributions between bosses and their workers, experts warn
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Lloyds to cut chief executive pensions allowance
On the go: Lloyds Banking Group is planning to cut the pensions allowance of its chief executive by more than £220,000, while increasing contributions to its staff.
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SNP vows to end executive pay pensions gap
On the go: The Scottish National Party will support moves to ensure executive pension contributions are the same as for all workers.
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Unions call for greater action on executive pay and pensions gap
Unions called for policymakers to explore way of curbing bumper executive pay and pensions on Wednesday, as unequal remuneration falls under the cross-hairs of Frank Field’s Work and Pensions Committee.
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FeaturesLloyds Banking Group completes second trustee board merger
Lloyds Banking Group now has a single trustee board for its four largest pension schemes, after completing its second pension trustee board merger in three years.
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High Court: Schemes must equalise GMPs
Defined benefit schemes must equalise guaranteed minimum pensions between men and women, the High Court has ruled, in a decision that could cost FTSE 100 companies alone an estimated £15bn.
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PodcastsPodcast: DC default design - Make sure you understand your members
Podcast: Last month, Pensions Expert reported that trustees of the Lloyds Bank Pension Scheme No.1 had overhauled the default offering for their DC members. In this episode, Lydia Fearn, head of DC and financial well-being at consultancy Redington, and Maria Nazarova-Doyle, senior investment consultant and head of DC investment consulting at JLT Employee Benefits, discuss the most important factors for trustees to consider when designing or reviewing their default investment strategy.
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FeaturesLloyds switches DGF for equities in default fund
Trustees of the Lloyds Bank Pension Scheme No.1 have overhauled the default offering for their defined contribution members, ditching a diversified growth fund for a 100 per cent equity allocation in the first years of saving.
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Rising interest rates threaten sponsor covenants, say experts
PLSA Investment Conference 2018: Interest rate and inflation risk could pose imminent threats to schemes and sponsors, while quantitative easing might not have been bad news for schemes, experts have said.
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Discrimination, indexation and tax relief's survival: Top law and regulation stories from 2016
Year in review: As if Brexit didn’t pose enough challenges, regulators, lawyers and two successive pensions ministers have had a lot on their plate in 2016.