Life and pensions underlying profits at Lloyds Banking Group were down 18% to £461m in the first half of the year, latest results show.
The firm, which includes the Scottish Widows operation, blamed the profit dip on the Department for Work and Pensions (DWP) charge cap proposal, announced in the first quarter of the year. It said its...
Failure to engage
Pension pot loss of £82,000
AUM increase by £2.4bn