Diageo Pension Plan (DPP)

Zurich and Lloyds Banking Group (LBG) have announced a strategic deal

On 12 October Zurich and Lloyds Banking Group (LBG) announced a strategic deal for LBG to purchase Zurich’s UK workplace pensions business. Diageo will continue to monitor this as further information becomes available. However, this announcement will have no impact on the contributions being paid by members and Diageo to the Diageo Pension Plan, or to the investment choices available to members.


The Diageo Pension Plan is a defined contribution scheme which is set up under a master trust arrangement with Zurich Assurance Ltd.

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