Lloyds Banking Group wants to increase its financial planning and retirement open book of assets by more than £50bn by 2020 and add an additional one million new pension customers.
The group, which includes pensions provider Scottish Widows, outlined its plans in a three-year strategic plan released this morning. It said it wanted to deepen customer relationships, grow in targeted segments and better address its customers' banking and insurance needs as an "integrated financial services provider". Part of the strategy included "maximising the group's capabilities" in which the business said it wanted to boost its financial planning and retirement book of business by £50bn by 2020 and significantly increase pension-focused customer numbers. It also said it w...
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