Lloyds TSB to eradicate £1.5bn deficit within six years

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ASSUMING there is no dramatic rise in employer contributions Lloyds TSB will eradicate its £1.5bn pension deficit within six years, claims the bank.

Group chief executive Eric Daniels says the the bank remains on track to deliver a satisfactory performance for the first half of 2006 and with it plans to tackle the shortfall. Trustees and Lloyd...

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