Equiniti Group secures contract renewal with Lloyds Banking Group

10 May 2012

Equiniti, has secured a contract renewal for the provision of share services with Lloyds Banking Group.

Equiniti Group, a leading UK FTSE 100 share services provider, secures contract renewal.

Equiniti Group, a leading UK share services provider, has secured a contract renewal for the provision of share services with Lloyds Banking Group.

Under the terms of the renewed agreement, Equiniti Group will deliver share registration services, employee share schemes, flexible benefits, and investment services.

In addition to share services, Equiniti Group’s Xafinity Paymaster business will provide Lloyds Banking Group pension schemes with pension administration services.

Mark Swyny, Practice Management Director, Group Sourcing at Lloyds Banking Group, commented: "We have worked with Equiniti Group for a number of years and the decision to continue our partnership is testimony to the value that Equiniti Group continues to bring to Lloyds Banking Group.  We look forward to our continuing partnership.”

Wayne Story, CEO, Equiniti Group, added: “I am delighted that Lloyds Banking Group has renewed its contract with Equiniti Group. The strength and longevity of our relationship is a real endorsement of the competitive, market-leading services we provide, as well as our team’s commitment to providing excellent service."

“Retaining a client such as Lloyds Banking Group also shows that our broad service offering, which encompasses complex administration and payment solutions across the financial services and pension sectors, has real appeal to both existing and prospective customers.”