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Lloyds considers multi-billion share issue, say reports

Lloyds Banking Group is believed to be looking to raise up to £15bn to reduce the cost of its participation in the Government’s asset protection scheme, according to reports.

Reports say the bank, which is 43 per cent owned by the taxpayer, is said to be concerned about the billions in fees attached to the scheme and is considering a multi-billion pound share issue to scale back its involvement.

Lloyds agreed to put £260bn worth of loans into the scheme in March but could significantly reduce its participation if the government agrees, according to reports.


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While usually delighted when Hornbuckle Mitchell achieves front-page coverage, I was surprised that certain details of the changes we made to Sipp fees nearly six months ago received such prominence only last week.

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The Financial Services Consumer Panel is concerned about “gaps” in the regulation of decumulation products and the ability of advisers to deal with the growing complexity of products.The Later Life Scoping Project report by Jackie Wells and Mary Gostelow says consumers suffer from a lack of information, guidance and advice in the decumulation market and […]

Navigating volatility

The making of any fund can be seen in how it responds to crises and opportunities. In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham outlines how the Royal London Global Multi Asset Portfolios or GMAPs navigated through Brexit and the US election cycle. He also highlights the importance […]


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