Lloyds to buy Zurich pen­sions busi­ness

Business Day - - INTERNATIONAL COMPANIES -

Lloyds Bank­ing Group has agreed to buy Zurich In­surance’s UK work­place pen­sions and sav­ings busi­ness as it widens its re­tire­ment reach, says the bank. The deal “is a clear sig­nal of Lloyds Bank­ing Group’s com­mit­ment to the fi­nan­cial plan­ning and re­tire­ment seg­ment“, said An­to­nio Lorenzo, Lloyds’ direc­tor of in­surance and wealth.

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