Auditors’ remuneration

12 Months Ended

Dec. 31, 2025

Disclosure of auditors' remuneration [Abstract]

Note 13: Auditors’ remuneration

Fees payable to the Company’s auditors by the Group are included within other operating expenses and are as follows:


	2025 £m	2024 £m	2023 £m
Fees payable for the:
– audit of the Company’s current year annual report	2.0	2.0	2.0
– audits of the Company’s subsidiaries	33.9	31.9	32.3
– total audit fees in respect of the statutory audit of Group entities1	35.9	33.9	34.3
– services normally provided in connection with statutory and regulatory filings or engagements	6.5	6.7	6.6
Total audit fees2	42.4	40.6	40.9
Other audit-related fees2	1.5	1.5	1.3
All other fees2	1.1	1.0	1.2
Total non-audit services3	2.6	2.5	2.5
Total fees payable to the Company’s auditors by the Group	45.0	43.1	43.4

1As defined by the Financial Reporting Council (FRC).

2As defined by the Securities and Exchange Commission (SEC).

3As defined by the SEC. Total non-audit services as defined by the FRC include all fees other than audit fees in respect of the statutory audit of Group entities. These fees totalled £9.1

million in 2025 (2024: £9.2 million; 2023: £9.1 million).

The following types of services are included in the categories listed above:

Audit fees: This category includes fees in respect of the audit of the Group’s annual financial statements (including work related to the

adoption of new accounting standards) and other services in connection with regulatory filings. Other services supplied pursuant to

legislation relate primarily to costs incurred in connection with client asset assurance and with the Sarbanes-Oxley Act requirements

associated with the audit of the Group’s financial statements filed on its Form 20-F.

Other audit-related fees: This category includes fees in respect of services for assurance and related services that are reasonably related to

the performance of the audit or review of the financial statements, for example acting as reporting accountants in respect of debt

prospectuses required by the Listing Rules.

All other fees: This category includes other assurance services not related to the performance of the audit or review of the financial

statements, for example, the review of controls operated by the Group on behalf of a third party. The auditors are not engaged to provide

tax services.

It is the Group’s policy to use the auditors only on non-audit assignments in cases where their knowledge of the Group means that it is

neither efficient nor cost effective to employ another firm of accountants.

The Group has procedures that are designed to ensure auditor independence, including prohibiting certain non-audit services. All audit and

non-audit assignments must be pre-approved by the Audit Committee on an individual engagement basis; for certain types of non-audit

engagements where the fee is ‘de minimis’ the Audit Committee has pre-approved all assignments subject to confirmation by

management. On a quarterly basis, the Audit Committee receives and reviews a report detailing all pre-approved services and amounts

paid to the auditors for such pre-approved services.

During the year, the auditors also earned fees payable by entities outside the consolidated Lloyds Banking Group in respect of:


	2025 £m	2024 £m	2023 £m
Audits of Group pension schemes	0.5	0.5	0.5
Audits of the unconsolidated Open-Ended Investment Companies managed by the Group	0.2	0.2	0.2