Lloyds Tsb Puts Aside Pounds 110m More for Mis-Sold Policies ; Business

Summary


LLOYDS TSB shook the market today with news it is setting aside another Pounds 110 million to cover mis-sold endowment policies and their subsequent underperformance.

The money relates not only to former Lloyds and TSB policies but also to those sold by life company Scottish Widows, which it took over.

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Lloyds Tsb Puts Aside Pounds 110m More for Mis-Sold Policies ; Business

It said the provision was being made in its 2004 accounts...

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