Lloyds boosted by scheme surplus and pensions business


Lloyds Banking Group has seen its defined benefit surpluses increase along with strong performance from corporate pension provider Scottish Widows, its final results show.

The group, which is 43% owned by the taxpayer, operates a number of defined benefit schemes with the combined surplus increasing by £0.6bn to 1.5bn, a rise of 64%. The bank reported significant gains...

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