Lloyds linked to 10-year pay plan

Press Association
Lloyds TSB
Lloyds TSB

Lloyds Banking Group is reportedly mulling a shake-up of pay that could see it ditch annual bonuses for senior staff and extend long-term incentives to up to 10 years.

The 40% state-owned lender raised the proposals with investors in a bid to calm some of the shareholder anger over pay that has built up in the last year, the Financial Times said.