Member Info for Spks

+A 20 second scroll through your posts reveal a Brexit hating expat living in Spain. Who else would you vote for but labour?+

Dont live in spain have been back in uk for a year having retired last year , I have never voted labour before as I said and one thing you got right is I did not agree with Brexit.....clearly you are a person who dislikes expats

Following this week at the enquiry I will vote labour for the first time ever as they promise to investigate and get back monies from dodgy ppe contracts and I guess a lot of these will lead us back to the current tory contingent and those who were involved but now scurried away

To be honest with the results and the value of the assets of this business it would be cheap at 50p unfortunately no more funds available at present

And 1 billion back from the dodgy telegraph debt maybe Nunn has decided its time to sell up and give up altogether seeing hes not getting his share growth

Lloyds Said to Explore Sale of Scottish Widows Bulk Annuities

Jan-Henrik Förster and Aisha S Gani, Bloomberg News

(Bloomberg) -- Lloyds Banking Group Plc is working with investment banking advisers on the sale of some assets from its pension provider Scottish Widows, according to people familiar with the matter.

The British bank, which is being advised by Fenchurch Advisory Partners and Morgan Stanley, is exploring a sale of a £6 billion ($7.3 billion) portfolio of bulk annuities, the people said.

Bulk annuities are insurance policies brought by pension plans to offload the long-term risks of their defined-benefit pensioners. Such deals have become more attractive this year as rising gilt yields improved pensions’ funding positions.

Spokespeople for Lloyds, Fenchurch and Morgan Stanley declined to comment.

Scottish Widows has grown rapidly in the space since it entered the market in 2015. Still, with a market share of about 4% it lacks scale in comparison to Legal & General Group Plc and Pension Insurance Corp., which each control about a quarter of the market.

Any disposal would help the Lloyds arm focus on core areas like workplace and individual pensions, in line with the strategy of Chief Executive Officer Charlie Nunn to focus on growth in areas like wealth since taking over in 2021.

Scottish Widows has been part of Lloyds since 2000, though the business traces its roots back to 1815, when it sold policies to take care of women and children who lost their fathers, brothers and husbands in the Napoleonic Wars. Today it has 6 million customers.

6 billion maybe they are heading for a mega share buyback :)

On bloomberg 20 minutes ago bound to be seen negatively :)

You would think that some large worldwide banks would be looking at lloyds with its huge land assets thinking they could buy cheap sell off assets and inherit a massive customer base

If you are going to buy do so now !! The share is 0.72 p by end of year and I will win the competition :)

72 p by end of year or I lose the competition :(

Pleased you put the table up I am 72p not 73p so in with a better chance now

Inside information :)

Looks like results will be good this week hopefully we may see the share price recover....it needs to crack on to get to my 73p end of year prediction :)

This share still figures in my share account at the suspended price , anyone know if this is the case with their shares? I thought by now they would have disappeared or revalued to zilch....

=Next step join Conservative party - win a seat - become leader - become PM=

then he would say I don't know what idiot said leaving europe was a good idea :) :)

It will keep all these avid brexiteers on here happy :)

It will keep all these avid brexiteers on here happy :)

*At 11:20 this morning Angela Rayner will kick off the comedy sketch show that is being billed as the labour party conference. Word is she wants to make misogyny an offence, and there was me thinking, as all Tories are scum, surely that includes the female members.

As a prelude to this farce, Keir Starmer has announced a £1.5 billion plan to coerce NHS staff to work overtime to clear the backlog of procedures.

Where the £1.5 billion is coming from is anyone's guess *

Back taxes from those well known non doms :) ???

Apparently scrapping high speed from Birmingham to Manchester but continuing to central london to Euston :) As a yorkshire voter I agree it is a disgrace and I have never voted labour before but they will have my vote at next election....Tories have been a joke since buffoon Boris onwards.

It’s a shame people have overstretched on their mortgages and assumed the era of low rates would continue indefinitely. What we have now are normalised rates based on a historical past. At least house prices are dropping for those keen to get on the housing market.

not sure youngsters had any option but to get max mtge in order to get on housing ladder....would be good if prices dropped a fair bit although could cause problems for those already committed. I do not really agree with lloyds idea of being a huge landlord . Remember the disastrous foray into estate agencies , black horse agencies dont think this will end well either