Lloyds Bank to cap pension increases for 35,000 staff | Business Information & News | Westlaw

Lloyds Bank to cap pension increases for 35,000 staff | Business Information & News | Westlaw

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3/11/14 REUTERS 18:25:27
REUTERS
Copyright © 2014 Thomson Reuters
March 11, 2014
Lloyds Bank to cap pension increases for 35,000 staff
Matt Scuffham
LONDON (Reuters) - Lloyds Banking Group said on Tuesday it would cap the pensions of around 35,000 employees in a move that will boost income by 1 billion pounds ($1.66 billion) but risks a backlash from disgruntled employees.
Lloyds, 33 percent-owned...
---- Index References ----
Company: LLOYDS BANKING GROUP PLC
News Subject: (Major Corporations (1MA93); Business Management (1BU42); HR & Labor Management (1HR87); Compensation (1CO80))
Industry: (Retirement Investment (1RE05); Investment Management (1IN34); Personal & Institutional Investing (1PE62); Pension Fund Management (1PE01); Financial Services (1FI37); Insurance (1IN97))
Language: EN
Other Indexing: (Antonio Horta-Osorio; Rob MacGregor; Jo Yong)
Keywords: banking; securities (MCC:OEC); (N2:US); (N2:AMERS); (N2:USA); (MCCL:OVR); (MCCL:OEC)
Word Count: 313
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