XML 245 R197.htm IDEA: XBRL DOCUMENT v3.20.4
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative - GBP (£)
£ in Millions
12 Months Ended 48 Months Ended 121 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2024
Dec. 31, 2030
Jan. 28, 2020
Dec. 31, 2016
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                
Actuarial assumption of retirement age   60 years            
Contributions to defined benefit schemes £ 1,100 £ (1,153) £ (1,069) £ (868)        
Gap between RPI and CPI (in basis points)           1.00%    
Three most significant schemes, percentage of total defined benefit obligations (in percent)   90.00%            
Hedged percent of exposure to increases in life expectancy (in percent)             20.00%  
Swap fair value at inception             £ 0  
Asset-liability matching strategy, liability sensitivity to interest rate movements (in percent)   105.00%            
Asset-liability matching strategy, liability sensitivity to inflation movements (in percent)   100.00%            
Healthcare premiums                
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                
Percentage of reasonably possible increase in actuarial assumption (in percent)   6.40% 6.54%          
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             £ 10,000  
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%          
Aggregated measurement                
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                
Triennial funding valuation, aggregate funding deficit     £ 7,300          
Defined benefit plan funding level (in percent)     85.70%         85.90%
Surplus (deficit) in plan               £ 7,300
Contributions to defined benefit schemes   £ 800     £ 1,300      
In year capital distributions to shareholders (in percent)   30.00%            
Aggregated measurement | Maximum                
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                
Deficit contributions to defined benefit plan   £ 2,000            
Defined benefit pension schemes                
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                
Net defined benefit liability (asset)   (1,578) £ (550)          
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)   6,700            
Defined benefit pension schemes | HBOs final salary pension scheme | Limited liability partnerships                
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                
Net defined benefit liability (asset)   4,700            
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          
Minimum | The group's three main schemes                
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                
Actuarial assumption of retirement age   55 years            
Minimum | Contractual right to retire earlier | The group's three main schemes                
RETIREMENT BENEFIT OBLIGATIONS (Details) - Narrative [Line Items]                
Actuarial assumption of retirement age   50 years