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Lloyds Banking Group (Delisted)

PRI reporting framework 2019

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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.

31/12/2018

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.5. Additional information. [Optional]

The £153bn relates to the investment funds managed from within the Scottish Widows Insurance division of Lloyds Banking Group.  This is the majority of Investment fund assets in Lloyds Banking Group, with the banking division mainly concerned with corporate finance and banking services.

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

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

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 >50% 54
Fixed income 0 0 10-50% 24
Private equity 0 0 0 0
Property 0 0 <10% 3
Infrastructure <10% 5 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Fund of 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 0 0
Money market instruments 0 0 <10% 8
Other (1), specify 0 0 0 0
Other (2), specify 0 0 <10% 6

'Other (2)' specified 

          Other Assets                         £8bn, 5%
Absolute Return funds           £2bn, 1%

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

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

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

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.

92 Developed Markets
8 Emerging Markets
0 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]

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