Lloyds/HBOS secure combined £1.4bn scheme savings

clock

Part-nationalised banking group Lloyds and its subsidiary HBOS recouped a combined £1.44bn through changes to pension arrangements this year.

In the first half of 2010 - following a review of its total reward package (PP Online, 27 July 2009) - the bailed-out banks implemented cost-saving measures in an attempt to slash deficits and save...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

MHCLG launches consultation on series of LGPS reforms

MHCLG launches consultation on series of LGPS reforms

Mayors and councillors to access LGPS under proposals

Jonathan Stapleton
clock 16 October 2025 • 2 min read
PPF sees aggregate DB surpluses rise by £16.2bn in September

PPF sees aggregate DB surpluses rise by £16.2bn in September

Funding ratio increases to 129.8% and liabilities up by 0.6% due to slight drop in gilt yields

Jasmine Urquhart
clock 14 October 2025 • 2 min read
DB redress values fall in Q3, Broadstone finds

DB redress values fall in Q3, Broadstone finds

Broadstone tracker finds compensation fall driven by ‘strong equity performance’ and gilt yields

Jasmine Urquhart
clock 14 October 2025 • 1 min read
Trustpilot