Compare Annuities  

Get latest annuity rates now

Free Pension Healthcheck  

Get a free online consultation now

Lloyds Banking Group News

  • High street banking giants voted worst for customer satisfaction

    New research claims to have identified the best and worst financial companies for customer satisfaction. Which? has asked 5,500 members of the public, in four independent surveys, how happy they are with their current account, savings, mortgage or credit card … Read more »

  • Strong business growth maintained across England and Wales

    The combined business activity of the English regions continued to increase strongly in September, according to new research from Lloyds Bank, with a similar pattern seen in Wales, where the rate of growth in activity reached a four-year high. While … Read more »

  • HM Treasury to sell 6% of Lloyds

    HM Treasury is preparing to offload part of its stake in Lloyds Banking Group. Around 6% of the bank’s share capital will be offered to institutional investors, reducing the taxpayer’s holding in the group to approximately 32.7%. BofA Merrill Lynch, … Read more »

  • Complaints fall 36% at Lloyds

    Lloyds Banking Group saw a 36% reduction in complaints in the first half of 2013, compared with the same period in 2012. Financial Conduct Authority reportable complaints fell to 548,403 over the period, compared with 860,026 a year earlier. The … Read more »

  • Five major UK banks in profit for first time since 2010

    All five major UK banks (Barclays, HSBC, Lloyds Banking Group, RBS and Standard Chartered) recorded a profit in the first half of the year, for the first time since 2010, according to a new report from KPMG. Combined profits of … Read more »

  • Lloyds’ chairman to step down

    Lloyds Banking Group has announced that its chairman, Sir Winfried Bischoff, will be retiring no later than May 2014. The exact date will be subject to the appointment of his successor, the search for whom is being led by Anthony … Read more »

  • Banks improve EFG lending to SMEs

    Figures published today show that bank lending to small and medium-sized businesses (SMEs) through the Enterprise Finance Guarantee (EFG) scheme is showing improvement. The scheme provides vital funding to SMEs that lack the collateral or credit history to secure a … Read more »

  • Household wealth exceeds £7 trillion

    Total net household wealth in the UK has surpassed the £7 trillion threshold for the first time, according to Lloyds TSB Private Banking’s latest research. At the end of 2012 total net household wealth was estimated to be £7.05 trillion, … Read more »

  • Lloyds fined £4.3m for delays in paying PPI redress

    Lloyds Banking Group has been fined £4,315,000 for not settling payment protection insurance (PPI) redress in good time, for up to 140,000 customers. According to the Financial Services Authority (FSA), the group sent 582,206 decision letters to PPI customers between … Read more »

  • Pensions infrastructure fund hits £1bn

    A new platform to support pension funds investing in infrastructure projects has secured ten funds as founding investors and reached £1 billion of investment capital. Each of the investors in the Pensions Infrastructure Platform (PIP) has made a soft commitment … Read more »

  • Lloyds TSB reports savings being squeezed

    The latest Lloyds TSB Savings Index has revealed that a combination of weak wage growth and reduced spending power are limiting the ability of people to save. More than half (53%) of savers regularly access their savings through the year … Read more »

  • Lloyds cuts 940 jobs

    Unite has expressed fury over Lloyds Banking Group’s decision to cut another 940 jobs across the group, bringing total job losses to 1,300 in the last few days. According to the trade union, the bank has cut over 31,000 jobs … Read more »

  • Lloyds earmarks £6.5bn for first-time buyers

    Lloyds Banking Group is supporting first-time buyers with a commitment to lend £6.5 billion in the year ahead to those taking their first step on to the property ladder. The bank expects to help around 60,000 people buy their first … Read more »

  • Board change at Lloyds

    Lloyds Banking Group has announced that Mr T Timothy Ryan Jr will step down from the board on 18th April 2013, having served as a non-executive director for four years. Mr Ryan leaves to join the management team of JP … Read more »

  • Lloyds partners Alzheimer’s Society

    Lloyds Banking Group has chosen the Alzheimer’s Society and Alzheimer Scotland as its charity of the year partnership for 2013 and 2014. Funds raised during the period will help the UK’s leading dementia charity to launch “Live Well”, its first … Read more »

  • Lloyds Banking Group appoints Scottish regional MD

    Lloyds Banking Group has announced the appointment of Alasdair Gardner as regional managing director of Commercial Banking for Scotland. Gardner will assume responsibility for the firm’s SME clients in Scotland, as well as retaining his current position leading the firm’s … Read more »

  • HBOS: eight charged with large-scale fraud

    Thames Valley Police has charged eight people following a large-scale investigation into offences originating from the Halifax Bank of Scotland branch in Reading, Berkshire. The charges follow an investigation carried out by the Force’s Economic Crime Unit, following a referral … Read more »

  • Lloyds TSB launches Platinum refund offer

    Lloyds TSB has announced that, from this week, it is offering customers opening a Lloyds TSB Platinum credit card online a 50% refund on balance transfer fees. The Lloyds TSB Platinum credit card includes 0% interest on balance transfers for … Read more »

  • Lloyds sells Admiral Taverns

    Lloyds Banking Group has sold Admiral Taverns, the tenanted pub group, to an affiliate of US private investment firm, Cerberus Capital Management. The disposal marks the latest phase of a three-year transformation of the business and delivers a complete debt … Read more »

  • UK business sentiment on the rise

    The latest Lloyds TSB Commercial Business in Britain survey has revealed rising confidence as concerns over the eurozone sovereign debt crisis diminish. The biannual report, now in its 21st year, surveyed 1,800 UK businesses and found a generally improving mood … Read more »