Lloyds/HBOS secure combined £1.4bn scheme savings

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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...

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