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Lloyds boss called before MPs over pension payments

António Horta-Osório pocketed an extra £400,000 a year on top of his basic £1.3m salary

Lloyds chief executive António Horta-Osório has been summoned before MPs over executive pension payments that have allowed him to pocket an extra £419,000 a year on top of his £1.3m basic salary.

The work and pensions committee and the Business, Energy and Industrial Strategy committee, led by MPs Frank Field and Rachel Reeves respectively, have called both the chief executive and the head of the bank’s remuneration committee Stuart Sinclair to give answer questions in Parliament ahead of the summer recess.

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