XML 197 R145.htm IDEA: XBRL DOCUMENT v3.24.0.1
Retirement benefit obligations - Narrative (Details) - GBP (£)
£ in Millions
12 Months Ended 48 Months Ended 49 Months Ended
Dec. 31, 2032
Dec. 31, 2026
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2030
Dec. 31, 2024
Jun. 30, 2023
Jan. 28, 2022
Jan. 28, 2020
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                            
Retirement benefit assets         £ 3,624 £ 3,823 [1] £ 4,531 [1]              
Retirement benefit obligations         £ 136 £ 126 [1] 230 [1]              
Actuarial assumption of retirement age         60 years                  
Contributions to defined benefit schemes       £ 100                    
Gap between RPI and CPI (in basis points)                     1.30%      
Actuarial assumption of life expectancy after retirement         60 years                  
Illustrative current age of prospective retirees         45 years                  
Period between illustrative current age of prospective retirees to actuarial assumed retirement age         15 years                  
Actuarial assumption of mortality rate - sensitivity of mortality experience           25.00%                
Three most significant schemes, percentage of total defined benefit obligations (in percent)         90.00%                  
Share of scheme assets held to generate long term returns (in percentage)         50.00%                  
Share of scheme assets invested in bonds, fixed interest gilts, index linked gilts and interest rate and inflation swaps         50.00%                  
Asset-liability matching strategy, liability sensitivity to interest rate movements (in percent)         117.00%                  
Asset-liability matching strategy, liability sensitivity to inflation movements (in percent)         125.00%                  
Derivative financial instruments         £ 22,356 £ 24,753 [1] 22,051 [1]              
Hedged percent of exposure to increases in life expectancy (in percent)         30.00%                  
On valuation date | Men                            
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                            
Actuarial assumption of life expectancy after retirement         26 years 8 months 12 days 26 years 8 months 12 days                
On valuation date | Women                            
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                            
Actuarial assumption of life expectancy after retirement         28 years 8 months 12 days 28 years 9 months 18 days                
Healthcare premiums                            
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                            
Percentage of reasonably possible increase in actuarial assumption (in percent)         10.00% 6.74%                
Longevity insurance arrangement                            
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                            
Defined benefit plan estimated amount of plan participants future benefits covered by insurance contracts issued by employer or related parties                         £ 5,500 £ 10,000
Forecast                            
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                            
Gap between RPI and CPI (in basis points) 0.10% 1.10% 1.20%             1.00%        
The group's three main schemes                            
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                            
Percentage of gross defined benefit pension assets (in percent)         94.00% 94.00%                
The group's three main schemes | Swap contract                            
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                            
Derivative financial instruments         £ (160)                  
The group's three main schemes | Minimum                            
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                            
Actuarial assumption of retirement age         55 years                  
The group's three main schemes | Minimum | Contractual right to retire earlier                            
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                            
Actuarial assumption of retirement age         50 years                  
Aggregated measurement                            
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                            
Deficit in plan         £ 250             £ 800    
Defined benefit pension schemes                            
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                            
Net defined benefit liability (asset)         (3,532) £ (3,732)                
Retirement benefit assets         3,624 3,823                
Retirement benefit obligations         92 91                
Defined benefit pension schemes | LLoyds Bank Pension Scheme No 1 and No 2 | Limited liability partnerships                            
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                            
Net defined benefit liability (asset)         (6,200)                  
Defined benefit pension schemes | HBOs final salary pension scheme | Limited liability partnerships                            
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                            
Net defined benefit liability (asset)         (4,100)                  
Guaranteed minimum pension benefits                            
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                            
Past service cost and gains (losses) arising from settlements, net defined benefit liability (asset)               £ 33 £ 108          
Defined contribution pension schemes                            
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                            
Defined contribution pension schemes         £ 434 £ 330 £ 302              
[1]
1    Restated for presentational changes and for the adoption of IFRS 17; see notes 1 and 54.