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

Mixed fortunes for DB scheme funding levels in February, Broadstone finds

Mixed fortunes for DB scheme funding levels in February, Broadstone finds

Consultancy’s Sirius Index shows fully-hedged scheme funding level rose by 1.1 percentage points last month

Martin Richmond
clock 09 March 2026 • 1 min read
Value leakage and admin resilience key areas for DB in decade to 2036

Value leakage and admin resilience key areas for DB in decade to 2036

Brightwell report highlights core areas shaping DB strategy over coming ten years

Jonathan Stapleton
clock 04 March 2026 • 2 min read
Morten Nilsson - Are DB pensions finally out of the woods?

Morten Nilsson - Are DB pensions finally out of the woods?

Brightwell CEO says the future will be about steady, confident evolution

Morten Nilsson
clock 04 March 2026 • 3 min read
Trustpilot