Lloyds TSB Registrars benefits arm included in sale

The employee benefits arm of Lloyds TSB Registrars is to be included in the sale of the rest of the share plan administrator.

Following a strategic review, Lloyds TSB Registrars is to be sold for £550m to the American private equity firm Advent International, with the sale likely to be completed in the second half of this year, subject to regulatory approval.

Lloyds TSB Registrars has said that none of its product offerings, nor any of its personnel are expected to change following the sale.
Its clients have been informed of the change in ownership, and so far none have decided to withdraw from the scheme they are currently being provided.