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flag Lloyds Bank secures £5.1 billion in pension protection to shield against longevity risks.

flag Lloyds Banking Group has secured £5.1 billion in protection for its pension schemes through longevity swaps with Rothesay Life, reducing financial risk from increased life expectancy. flag The transactions cover £2.1 billion in the Lloyds Bank Pension Scheme No.2 and £3 billion in the HBOS Final Salary Pension Scheme, enhancing security for pension members. flag Reinsurance was provided by Pacific Life Re and Prudential Financial.

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