CHOOSE YOUR SCHEME

Welcome to the new look website, for members of a Lloyds Banking Group pension scheme.

If you joined the Group after 1 July 2010, you'll be a member of Your Tomorrow.

NOT YET A MEMBER?

If you’re an employee of Lloyds Banking Group and not a member of one of our pension schemes, it’s not too late to join, as long as you’re eligible.

IF YOU JOINED THE GROUP ON OR AFTER 1 JULY 2010

You’ll be automatically enrolled in Your Tomorrow on the day you join the Group. If you’re not yet a member, see joining.

IF YOU JOINED THE GROUP BEFORE 1 JULY 2010

HBOS colleaguesIf you were previously a member of the HBOS Group Money Purchase Scheme, or had the right to join, you became eligible to join Your Tomorrow from 1 February 2011.

Lloyds Bank colleaguesIf you were previously a member of a Lloyds Bank Pension Investment Plan (PIP), or had the right to join, you became eligible to join Your Tomorrow from: 1 August 2011 for non-Asset Finance and non-Commercial Finance colleagues 1 September 2011 for Asset Finance and Commercial Finance colleagues go to joining to find out more.

To view information about your benefits Log into YOUR PENSION
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Scheme management

The Scheme is run by a corporate trustee, Lloyds Banking Group Pensions Trustees Limited (LBGPTL) (the Trustee).

The Trustee is responsible for managing the Scheme, and has the commitment and financial support of the Group. The Trustee's first priority is the best interests of the members. It administers the Scheme in line with the Scheme’s Trust Deed and Rules and any other relevant legislation, and has committees covering areas like administration and investments.

The Trustee Board

The Trustee Board is made up of nine directors; three appointed by the group, three nominated by the members and three independent directors. The directors are:

Group Appointed Harry Baines (Chairman) Roger Boyes Emma Watkins

Member Nominated Geoff Askew Shirley Marsh Richard Conway

Independent Jocelyn Blackwell Sally Bridgeland The Law Debenture Pension Trust Corporation PLC (represented by Mark Ashworth)

Scheme Advisers

A number of specialist advisers help the Trustee to run the Scheme.

Actuary

James Wintle
Willis Towers Watson Ltd
Watson House
London Road
Reigate
Surrey
RH2 9PQ
Administrators

Lloyds Pension Administration
Willis Towers Watson
PO Box 545
Redhill
Surrey
RH1 1YX

Telephone: 01737 227 522

Email: Lloyds1and2@willistowerswatson.com

Auditor

PricewaterhouseCoopers LLP
31 Great George Street
Bristol
London Road
BS1 5QD
Bankers

Lloyds Bank plc
City Office
PO Box 72
Bailey Drive
Gillingham
Kent
ME8 0LS
Investment managers

For a list of investment managers, please see the latest Annual Report and Financial Statements.
Custodian

The Bank of New York Mellon – Asset Servicing
1 Canada Square
Canary Wharf
London
E14 5AL
Nominee Company

BNY Mellon Nominees Limited
Solicitors

Allen & Overy LLP
Tax adviser

KPMG LLP
Disputes

The Trustee has established a formal Internal Dispute Resolution Procedure to deal with the resolution of disputes between the Trustee, members of the Scheme and beneficiaries. You’ll need to put your complaint in writing to:

Head of Pensions
Lloyds Bank plc
Lloyds Bank Group Pensions Department
125 London Wall
5th Floor
London
EC2Y 5AS

You will receive a written decision, where possible, within four months.

If you are still dissatisfied, you have a right of appeal to the Trustee (Operations Committee).

You can obtain a copy of the procedure from Group Pensions.

Members dissatisfied with a decision reached under the Scheme’s formal procedure can pursue a complaint with the Pensions Ombudsman.

Formal Scheme information

The Scheme's assets are held in a trust completely separately from those of the Group and cannot be used for any other purpose.

Assigning your benefits

You cannot assign your benefits under the Scheme or use them as security for a loan.

Tax status of the Scheme

The Scheme is registered with HM Revenue & Customs under Chapter 2 of Part 4 of the Finance Act 2004. This means that the Scheme and its members enjoy a number of tax advantages. The tax position of the Scheme may, however, vary from time to time. If you’re not a UK resident some of the provisions detailed may not apply to you.