Lloyds Banking Group renews share scheme contract

Lloyds Banking Group has renewed its contract with Equiniti Group for the provision of employee share schemes, flexible benefits and investment services.

Equiniti Group’s Xafinity Paymaster business will also continue to provide the banking group with pension scheme administration services.

Mark Swyny, practice management director, group sourcing at Lloyds Banking Group, said: “We have worked with Equiniti Group for a number of years and the decision to continue our partnership is testimony to the value that the Equiniti Group continues to bring to Lloyds Banking Group.”

Wayne Story, chief executive officer at Equiniti Group, added: “Retaining an employer such as Lloyds Banking Group shows that our service offering, which encompasses administration and payment solutions across the financial services and pension sectors, has real appeal.”

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