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Lloyds Banking Group Pensions
Lloyds Banking Group Pension Schemes is a UK-based private sector pension fund. It operates defined benefit pension schemes for its employees.
Lloyds Banking Group Pensions
Lloyds Banking Group Pension Schemes is a UK-based private sector pension fund. It operates defined benefit pension schemes for its employees. The schemes include Lloyds Banking Group Pension Schemes Nos 1 and 2.
General information
Firm type
Pension Fund
Year founded
2015
Location
Region
Europe
Country
United Kingdom
City
Sunderland
Corporate office
Lloyds Pension Administration, SR43 4JU, United Kingdom
Principals
Vicky Paramour
Chair of the Investment and Funding Committee
Sally Bridgeland
Trustee Director
Sector focus
Frequently asked questions
Who runs investment decisions at Lloyds Banking Group Pensions?
Vicky Paramour chairs the Investment and Funding Committee. The trustee board includes independent directors such as Sally Bridgeland and operates under Lloyds Banking Group Pensions Trustees Limited.
Does Lloyds Banking Group Pensions participate in fund commitments or only direct deals?
The schemes commit to private equity and infrastructure funds including Bowmark Capital, Hg, EQT, Equitix and Dalmore Capital. Direct holdings exist in UK real estate through dedicated subsidiaries.
How does Lloyds Banking Group Pensions manage longevity risk?
The schemes maintain extensive longevity hedging and swap portfolios covering over 25 billion GBP in liabilities. Rothesay Life and Prudential Financial serve as reinsurance partners for these arrangements.
What is Lloyds Banking Group Pensions known posture on co-investments alongside external GPs?
The schemes act as limited partners in funds sponsored by Bowmark Capital, Hg, EQT and Goldman Sachs Asset Management. No direct co-investment program is disclosed in available records.
Where does the underlying wealth come from for Lloyds Banking Group Pensions?
The schemes are sponsored by Lloyds Banking Group plc to meet pension obligations for its current and former employees. Funding derives from employer contributions and investment returns.
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