All Lloyds Banking Group articles
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NewsLloyds ringfences £5.1bn with two longevity swaps
The deals cover liabilities for two schemes sponsored by Lloyds Banking Group and follow previous transactions in 2020 and 2022.
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OpinionEqualisation will dominate court cases in 2019
Equalisation of guaranteed minimum pensions dominated the legal headlines in 2018, and the issue looks set to rumble on in several cases next year, write Samantha Brown and Tim Smith of Herbert Smith Freehills.
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Features
Lloyds scheme saves £710m with pensionable pay freeze
One of the UK’s ‘big four’ banks Lloyds Banking Group has made a £710m saving by halting pensionable pay increases, as it looks to reduce the cost of its defined benefit arrangement.
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NewsBattle to plug deficits continues as FTSE 100 see £8bn deterioration
The total pension deficit of FTSE 100 defined benefit schemes worsened by an estimated £8bn, bringing the total to £57bn at the end of 2013, according to research, but experts maintain larger schemes are managing their risk exposures effectively.