Not every UK bank or financial company is the same. With Lloyds having been around a while longer than most other financial institutions - close to four hundred years in fact, in all its guises - you can imagine that Lloyds banking and insurance has much more experience than many. However, the same financial principles hold true now as four hundred years ago, and so, whether you're investing your savings, purchasing insurance, or seeking financial advice, it's good to know that Lloyds is financially sound, that your insurance policy is backed by one of the biggest financial institutions in the world, and that your savings are well-protected.

More recently, with the formation of the new Lloyds Banking Group, formed from the takeover of the Halifax, Lloyds has grown even larger. Nonetheless, whatever Lloyds products you had remain unaffected, and your HBOS insurance products should also continue to be effective, unless notified by Lloyds Banking Group.