Lloyds TSB/HBOS merger under threat from pension trustees

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Lloyds TSB/HBOS merger under threat from pension trustees

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12-30-2008, 10:46 PM

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Lloyds TSB/HBOS merger under threat from pension trustees

Pension fund trustees at HBOS are threatening to block the proposed merger with Lloyds TSB until better protection is put in place for the scheme’s 80,000 members.Out of the nine trustees, seven are due to meet at the end of the week to decide whether to challenge the merger in the Scottish courts. The remaining [...]

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