Lloyds Banking Group (LBG) has a combination of insurance and private banking investment activities. Insurance assets are by far the larger, so this will be the focus of our PRI reporting.
Where appropriate we will refer to our core asset manager, Aberdeen Standard Investments, who provide the fund management for the majority of our customer mandated funds.
Where reference is made to default options, that is the "Pension Investment Approaches", this is a low cost proposition, which is mainly structured around State Street Global Advisors (SSgA) tracker funds.
We will also refer to LBG's policies and organisational memberships where appropriate.