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

Amount of extractable DB surplus likely to be below expectations, PPI says

Amount of extractable DB surplus likely to be below expectations, PPI says

Institute’s report says scale of surplus accessible remains ‘uncertain’

Martin Richmond
clock 27 May 2026 • 4 min read
Aggregate DB scheme funding levels rise in April, PwC finds

Aggregate DB scheme funding levels rise in April, PwC finds

Consultancy’s Pension Funding Index shows aggregate surplus rose to £220bn last month

Martin Richmond
clock 27 May 2026 • 3 min read
Aggregate FTSE 100 DB scheme surplus hit £39bn in 2025

Aggregate FTSE 100 DB scheme surplus hit £39bn in 2025

LCP says there has been a ‘complete change’ in how FTSE 100 companies approach DB schemes

Martin Richmond
clock 21 May 2026 • 2 min read
Trustpilot