Lloyds Bank pension trustees agree 10 billion pounds insurance deal

Reuters

Published Jan 29, 2020 02:42AM ET

Lloyds Bank pension trustees agree 10 billion pounds insurance deal

LONDON (Reuters) - Lloyds Banking Group (LON:LLOY) Pensions Trustees limited said on Wednesday it had agreed a 10 billion pounds ($13.14 billion) pension insurance deal to protect against the cost of its members living longer than expected.