1. Ged Nichols General Secretary Accord

2. DB schemes in Lloyds Banking Group
June 2014 Valuation (£bn)
Assets 31,650
Liabilities 36,898
Deficit ,248
Active members ,000
Deferred members ,500
Pensioners 84,500
DC scheme members 56,500

3. Other information Most Group Schemes closed to new members 2000/01
0% cap on growth of pensionable pay imposed in 2014
Average pension £9,400 (HBOS)
58% of FSPS members get or will get a pension <£5k
7% of FSPS members get or will get a pension >£20k
Members with pension <£5k: 80% female
Members with pension >£20k: 85% male

4. Employment in banking
Lloyds Banking Group employee number reduced by circa 50% between Jan 2009 & Jan 2017
Current & future challenges
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