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Lloyds Banking Group

PRI reporting framework 2018

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Basic information

OO 01. Signatory category and services

01.1. Select the type that best describes your organisation or the services you provide.

01.3. Additional information. [Optional]

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.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United Kingdom

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

75000 FTE

02.4. Additional information. [Optional]


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

Lloyds Banking Group  sold its investment management subsidiary Scottish Widows Investment Partnership (a PRI signatory since 2007) to Aberdeen Asset Management in 2014.   Aberdeen are also a signatory to the PRI.

Aberdeen Asset Management PLC and Standard Life plc agreed to a merger, which occurred 14 August 2017, creating  a combined company called Standard Life Aberdeen plc. The majority of Scottish Widows assets are managed by its investment business, Aberdeen Standard Investments.


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2017

04.2. Indicate your total AUM at the end of your reporting year, Exclude subsidiaries you have chosen not to report on and any advisory/execution only assets.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.5. Additional information. [Optional]

The £148bn relates to the investment funds managed from within the Scottish Widows Insurance division of Lloyds Banking Group.

This year Wealth and Private Banking assets have moved into the Insurance division, bringing an additional £7bn of assets to the universe.


OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 >50% 51
Fixed income 0 0 10-50% 23
Private equity 0 0 0 0
Property 0 0 <10% 3
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 10-50% 10
Other (1), specify <10% 5 0 0
Other (2), specify 0 0 <10% 8

'Other (1)' specified

          Social Housing, Education and Infrastructure Loans
        

'Other (2)' specified

          Collective Investment Schemes
        

06.2. Publish asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]

of the £148bn the assets are split:

  • Customer Funds: £83bn Multi Asset Funds, £41nb Single Asset Class Funds
  • Shareholder Funds; £14bn Annuity, £10bn General Insurance and other Shareholder

 

 


OO 07. Fixed income AUM breakdown (Private)


OO 08. Segregated mandates or pooled funds (Private)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

  Developed Markets
  Emerging, Frontier and Other Markets
Total100%

09.2. Additional information. [Optional]


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