Lloyds boosted by scheme surplus and pensions business

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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 ...

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