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...
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point